18Interests in land

18 Interests in land

18 Interests in land

(1) Without prejudice to the generality of this Regulation and despite anything to the contrary in any other Act or law, if, immediately before the succession day, the Bank of Melbourne is, or is to be taken to be, the registered proprietor of an interest in land under the Real Property Act 1900, on and after the succession day:

(a) Westpac is to be taken to be the registered proprietor of that interest in land or the caveator of the registrable interest, as the case may be, and

(b) Westpac has the same rights and remedies in respect of that interest as the Bank of Melbourne had.

(2) No person dealing with Westpac (in any capacity at all), nor the Registrar-General, nor any other person registering or certifying title to land or having the power or duty to examine or receive evidence as to title to land, is, in respect of any dealing or transaction in relation to land entered into or purporting to be entered into by Westpac, where the registered proprietor of that land is the Bank of Melbourne, to be concerned to see, or enquire into, whether the land has vested in Westpac.