Victorian Numbered Acts Victorian Numbered ActsIf land is sold pursuant to a land sale order, the proceeds of sale are to be applied in the following order of priority—
(a) in accordance with section 77(3)(a) of the Transfer of Land Act 1958 , including—
(i) the costs of the sale under this Part; and
(ii) any costs incurred by the Director in obtaining the recording of the land charge in the Register kept under the Transfer of Land Act 1958 ; and
(iii) the costs of the application to the Supreme Court for a land sale order;
(b) to the payment of any money due or owing on an existing mortgage or charge;
(c) to the payment of the registered fine;
(d) to pay any amount remaining in accordance with section 77(3)(c) and (d) of the Transfer of Land Act 1958 as if a reference to "the mortgagor" in section 77(3)(d) were a reference to—
(i) the person whose interest in land was subject to the land charge; and
(ii) if appropriate, any other person recorded in the Register kept under the Transfer of Land Act 1958 as having an interest in the land.
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