550 Charge of rates and charges on land
(1) A rate or charge levied under this Act on land (including any
interest accrued on the rate or charge as referred to in section 566) and any
costs awarded to the council by a court in proceedings to recover the rate or
charge are a charge on the land.
(2) The charge ranks on an equal footing with a charge on the land
under any other Act but takes priority over any other charge or
(3) The charge does not affect:
(a) the estate of the Crown in land owned by the Crown,
(b) the estate of a Crown lessee if the lease is granted after the
rate or charge was levied (whether or not the land was previously held under a
lease from the Crown).
(4) The charge does not affect a bona fide purchaser for value who
made due inquiry at the time of purchase but had no notice of the liability. A
purchaser who has obtained a certificate under section 603 is taken to have
made due inquiry.