Page:Land (Compulsory Sale for Redevelopment) Ordinance (Cap. 545).pdf/8

LAND (COMPULSORY SALE FOR REDEVELOPMENT) :(b) direct notices to be published at such time and in such manner as it thinks fit, informing all persons claiming to be owners of the lot—
 * (i) that the Tribunal has made an order for sale of the lot; and
 * (ii) where and the times during which a copy of the order may be obtained.

(6) Where the Tribunal makes an order for sale, it may order, subject to section 8(3), (4) and (5), that compensation be paid to a tenant for termination of his tenancy under section 8(1)(b) and it may also give such directions as it thinks fit—
 * (a) relating to—
 * (i) the sale and purchase of the lot the subject of the order, including (but without limiting the generality of the foregoing) settling the particulars and conditions of sale of the lot;
 * (ii) the termination of tenancies of any tenants of any property on the lot;
 * (iii) subject to section 11(5), the application of the proceeds of the sale including—
 * (A) the holding by the trustees of such part of those proceeds as is specified by the Tribunal in view of any lis pendens affecting the lot; and
 * (B) the payment of that part of those proceeds, upon the occurrence of an event specified by the Tribunal, to such person or persons as is or are specified by the Tribunal;
 * (b) requiring the trustees under the order for sale to pay into the Tribunal the proceeds of sale of the lot the subject of the order (after deduction, if any, pursuant to sections 10(2), 11(1) or (2)(a) and (b)), which includes but is not limited to—
 * (i) any deposit money for the purchase of the lot;
 * (ii) any other part of the proceeds of sale that is required under this Ordinance to be held by or paid to the trustees; and
 * (c) which are not inconsistent with the other provisions of this Ordinance,

and, in any such case, subsections (4)(a) and (5) shall, with all necessary modifications, apply to those directions as they apply to an order for sale.

(7) Where proceeds of sale are paid into the Tribunal pursuant to a direction given under subsection (6)(b), the Tribunal shall, in accordance with rules made under section 10A(1) of the Lands Tribunal Ordinance (Cap. 17), release such proceeds or any part of it to the respective persons who would have been entitled to payment of the proceeds under the provisions of this Ordinance if the proceeds of sale had remained with the trustees.

(8) Any proceeds of sale—