Western Australian Current Acts Western Australian Current Acts (1) If a person
holding an interest in Crown land under conditions relating to improvements or
other matters is —
(a) an
individual who is an insolvent under administration within the meaning of the
Corporations Act 2001 of the Commonwealth, that interest may, with the
permission of the Minister, be sold by the trustee of that person; or
(b) a
corporation within the meaning of the Corporations Act 2001 of the
Commonwealth —
(i)
the property of which is in the possession of, or under
the control of, a receiver, or a receiver and manager; or
(ii)
which is under administration; or
(iii)
which has executed a deed of company arrangement that is
not yet terminated; or
(iv)
which is a party to a compromise or arrangement made with
any other person or persons and currently being administered; or
(v)
which is being wound up,
that interest may,
with the permission of the Minister, be sold by the person entitled under the
Corporations Act 2001 of the Commonwealth to sell that interest,
to a purchaser who
would be qualified under this Act to hold the Crown land under those
conditions.
(2) The purchaser of
an interest sold under subsection (1) is substituted for the individual or
corporation referred to in that subsection and has the same rights and
obligations in relation to the relevant Crown land as that individual or
corporation had.
(3) In subsection
(1)(a) —
trustee has the same meaning as it has in the
Bankruptcy Act 1966 of the Commonwealth and includes the person corresponding
to the trustee under the law of an external Territory or of a country other
than Australia.
[Section 261 amended: No. 10 of 2001 s. 220.]