(1) Where, within 12
years of the taking of possession of any land by a local government under
section 6.64, an entitled person pays to the local government all rates and
service charges due and payable in respect of the land, the local government
is required to give up possession of that land to the person unless it has
exercised a power under section 6.64(1)(b), (c) or (d) in relation to the
land.
(2) If the local
government has granted a lease of the land referred to in subsection (1) and
the term of the lease has not expired, the lease subsists for the balance of
the term as if it had been made between the lessee and the entitled person.
(3) In this section
—
entitled person means the person who, if the local
government had not taken possession of the land under section 6.64, would be
entitled to possession of that land.