Queensland Consolidated Regulations

LOCAL GOVERNMENT REGULATION 2012 - REG 146

146 Application of proceeds of sale

(1) The local government must use the proceeds of the sale of the land in the following order—

(a) to pay any amount agreed for the release of a State encumbrance under section 138 (4) (b) or (5) ;

(b) to pay the expenses of the sale;

Example of expenses of the sale—

administrative costs incurred by the local government

(c) to pay land tax owing on the day of sale;

(d) to pay the overdue rates or charges for the land;

(e) to pay any other amounts relating to the land that the owner of the land owed the local government immediately before the sale;

(f) to pay any rates or charges, other than overdue rates or charges, for the land;

(g) to pay any registered encumbrances, other than State encumbrances, in order of their priority under the Land Title Act ;

(h) to pay any body corporate fees that the owner of the land owed immediately before the sale;

(i) to pay the person who owned the land immediately before the sale.

(2) If any of the proceeds of sale remain unclaimed after 2 years, the local government must pay the proceeds to the public trustee as unclaimed money.