Conveyancing Act 1919
23KTransactions
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23K Transactions
23K Transactions
(1) The Registrar-General may refuse to register a transaction with respect to a lot in a plan of subdivision for lease purposes unless it comprises—
(a) the lease of the whole of the lot for a period that, including the period of any option to renew, does not exceed 40 years, or
(b) the transfer, conveyance, sublease, variation or mortgage of a leasehold interest so created.
(2) This section does not apply to an agreement with respect to land the subject of a proposed plan of subdivision for lease purposes, but the agreement is taken to be conditional on the registration of the proposed plan.
pt 2, div 3C (ss 23J, 23K): Ins 2001 No 77, Sch 1 [3].