Australian Capital Territory Numbered Acts

REVENUE LEGISLATION AMENDMENT ACT 2019 (NO 2) (NO. 46 OF 2019) - SECT 18

New section 24 (2A) to (2D)

insert

    (2A)     The commissioner may notify a mortgagee of the land rent lease or credit provider of the lessee, about the land rent payable (the  land rent debt ) by the lessee (the  debtor ), the charge and the effect of subsection (2).

    (2B)     However, the commissioner may notify a mortgagee or credit provider only if—

        (a)     the commissioner has registered the charge on the parcel under the Land Titles Act 1925

; and

        (b)     the land rent debt is in arrears; and

        (c)     the land rent debt is more than—

              (i)     $2 000; or

              (ii)     another amount determined by the Minister; and

        (d)     the commissioner has—

              (i)     taken reasonable steps to make arrangements for the debtor to pay the land rent debt; and

              (ii)     notified the debtor, in writing, that the mortgagee or credit provider will be notified under subsection (2A) not earlier than 28 days after the date of the notice to the debtor.

    (2C)     A determination under subsection (2B) (c) (ii) is a disallowable instrument.

Note     A disallowable instrument must be notified, and presented to the Legislative Assembly, under the Legislation Act

.

    (2D)     If the commissioner notifies a mortgagee or credit provider under subsection (2A), the commissioner must give a copy of the notice to the debtor.