South Australian Current Acts South Australian Current Acts14—Application of purchase money
The money received by the Minister arising from the sale shall be held by the
Minister to be applied as follows:
Firstly, in payment of the costs, charges, and expenses properly incurred by
the Minister as incidental to the sale or any attempted sale or otherwise; and
Secondly, in discharge of all Crown rates or taxes due to any Crown rating or
taxing authority in respect of the land and, if the land sold is comprised in
a Crown lease, in payment of all rent, principal and interest due and payable
to the Crown under the Crown lease; and
Thirdly, in discharge of all rates levied under the Local Government
Act 1934 and due to any municipal council or district council in respect
of the land; and
Fourthly, in discharge of any mortgages, encumbrances, and charges whether
registered or not, according to their respective priorities at law, so far as
the same can be ascertained by the Minister; and
Fifthly, in payment of the residue of the money within twelve months after the
receipt thereof to the registered proprietor of the land or to the owner in
fee simple of the land or into the Supreme Court under the provisions of
section 47 of the Trustee Act 1936 ,
and thereafter any money so paid into court shall be subject to the provisions
of the said Act so far as the same are applicable; but any action for or in
respect of any such moneys shall be presented within six years after payment
as aforesaid of the residue into the Supreme Court, and after the expiration
of the said period all moneys then in the Supreme Court to the credit of the
particular trust concerned shall, if there is no such action pending or any
order of the Supreme Court to the contrary, be paid into and form part of the
general revenue of the State.