sec.24Registering authority to note transfers

sec.24 Registering authority to note transfers

This section applies to an asset, liability or instrument transferred, under this regulation, to a recipient entity. A registering authority— may, without formal application, register or record the transfer in an appropriate way; and must, on written application by the recipient entity, register or record the transfer in an appropriate way. The recipient entity must comply with the procedures required by the registering authority for the purpose of registering or recording the transfer. The registering authority may require the recipient entity to complete and submit a particular form. In this section— registering authority means the registrar of titles or another entity required or authorised by law to register or record transactions affecting assets, liabilities or instruments. registrar of titles means— the registrar of titles under the Land Title Act 1994 ; or another person who is responsible for keeping, under another Act, a register of interests in land. (sec.24-ssec.1) This section applies to an asset, liability or instrument transferred, under this regulation, to a recipient entity. (sec.24-ssec.2) A registering authority— may, without formal application, register or record the transfer in an appropriate way; and must, on written application by the recipient entity, register or record the transfer in an appropriate way. (sec.24-ssec.3) The recipient entity must comply with the procedures required by the registering authority for the purpose of registering or recording the transfer. The registering authority may require the recipient entity to complete and submit a particular form. (sec.24-ssec.4) In this section— registering authority means the registrar of titles or another entity required or authorised by law to register or record transactions affecting assets, liabilities or instruments. registrar of titles means— the registrar of titles under the Land Title Act 1994 ; or another person who is responsible for keeping, under another Act, a register of interests in land.

• (a) may, without formal application, register or record the transfer in an appropriate way; and
• (b) must, on written application by the recipient entity, register or record the transfer in an appropriate way.
• (a) the registrar of titles under the Land Title Act 1994 ; or
• (b) another person who is responsible for keeping, under another Act, a register of interests in land.