Section 12:
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
12. Time for payment may be granted
(1) The Minister may grant time to a purchaser for the payment of the
balance due on any purchase price, and where any such balance is not paid
at the time it should be paid, the land shall be put up again for sale by public
auction in the manner and form specified in this Act.
(2) The money deposited on the day of sale shall be forfeited, and the
bonds shall at once be referred to the Attorney-General for action in case of
need.
(3) Where, on a subsequent sale, or upon action brought against the
original purchaser or sureties, the whole amount of the original purchase
price with all costs and incidental charges is recovered, the Minister may remit to the original purchaser such portion of the forfeited money as is in excess of the original purchase price, costs and incidental charges.
Ask juris about this section Official source
Questions this section answers
- Can the Minister give me more time to pay the balance for State land I bought?
- What happens to my deposit if I do not pay the balance for State land on time?