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Local Government Act 1993 No 30
Current version for 25 June 2019 to date (accessed 19 October 2019 at 11:35)
719 What if the purchase money is less than the amounts owing?
If the purchase money is insufficient to satisfy all rates, charges and debts referred to in section 718 (b):(a) the amount available is to be divided between the rates, charges and debts in proportion to the amounts owing on each, and(b) the rates, charges and debts are taken to have been fully satisfied.