sec.120Reservation of name

### sec.120 Reservation of name A person may make an application in the approved form and in the way prescribed by regulation, accompanied by the relevant titles registry fee, to the land registry for the reservation of a name set out in the application as the name of a building in a proposed building units plan or the name of a parcel in a proposed group titles plan. If the registrar of titles is satisfied as to the bona fides of the application and that the proposed name is a name with which the plan could be registered without contravention of section 9 the registrar shall reserve the proposed name in the manner prescribed for a period of 2 years from the date of the lodging of the application. If, at any time during the period for which a name is reserved, an application, accompanied by the relevant titles registry fee, is made to the land registry for an extension of that period and the registrar of titles is satisfied as to the bona fides of the application, the registrar may extend that period for a further period of 1 year. During a period for which a name is reserved— in respect of a proposed building units plan—another building units plan or a leasehold building units plan within the meaning of the South Bank Corporation Act 1989 ; or in respect of a proposed group titles plan—another group titles plan; shall not be registered under this Act whether originally or on change of name, under the reserved name. The reservation of a name under this section in respect of a proposed plan does not in itself entitle a plan to be registered by that name. An applicant for the reservation of a name who, during the period for which that name is reserved— lodges the plan in respect of which that name is reserved; or decides not to proceed with the registration of the plan in respect of which that name is reserved; or decides not to register the plan in the name so reserved; shall notify the land registry to that effect and— in the case of paragraph (a) —the registrar of titles shall note the registrar’s records accordingly; and in the case of paragraph (b) or (c) —the name shall cease to be reserved. s 120 amd 1991 No. 67 s 29 sch 2 ; 1992 No. 64 s 3 sch 1 ; 2021 No. 12 s 148 sch 3 (sec.120-ssec.1) A person may make an application in the approved form and in the way prescribed by regulation, accompanied by the relevant titles registry fee, to the land registry for the reservation of a name set out in the application as the name of a building in a proposed building units plan or the name of a parcel in a proposed group titles plan. (sec.120-ssec.2) If the registrar of titles is satisfied as to the bona fides of the application and that the proposed name is a name with which the plan could be registered without contravention of section 9 the registrar shall reserve the proposed name in the manner prescribed for a period of 2 years from the date of the lodging of the application. (sec.120-ssec.3) If, at any time during the period for which a name is reserved, an application, accompanied by the relevant titles registry fee, is made to the land registry for an extension of that period and the registrar of titles is satisfied as to the bona fides of the application, the registrar may extend that period for a further period of 1 year. (sec.120-ssec.4) During a period for which a name is reserved— in respect of a proposed building units plan—another building units plan or a leasehold building units plan within the meaning of the South Bank Corporation Act 1989 ; or in respect of a proposed group titles plan—another group titles plan; shall not be registered under this Act whether originally or on change of name, under the reserved name. (sec.120-ssec.5) The reservation of a name under this section in respect of a proposed plan does not in itself entitle a plan to be registered by that name. (sec.120-ssec.6) An applicant for the reservation of a name who, during the period for which that name is reserved— lodges the plan in respect of which that name is reserved; or decides not to proceed with the registration of the plan in respect of which that name is reserved; or decides not to register the plan in the name so reserved; shall notify the land registry to that effect and— in the case of paragraph (a) —the registrar of titles shall note the registrar’s records accordingly; and in the case of paragraph (b) or (c) —the name shall cease to be reserved. - (a) in respect of a proposed building units plan—another building units plan or a leasehold building units plan within the meaning of the South Bank Corporation Act 1989 ; or - (b) in respect of a proposed group titles plan—another group titles plan; - (a) lodges the plan in respect of which that name is reserved; or - (b) decides not to proceed with the registration of the plan in respect of which that name is reserved; or - (c) decides not to register the plan in the name so reserved; - (d) in the case of paragraph (a) —the registrar of titles shall note the registrar’s records accordingly; and - (e) in the case of paragraph (b) or (c) —the name shall cease to be reserved.