sec.6Definitions for div 3

sec.6 Definitions for div 3

In this division— beneficiary , in relation to a deceased lessee of an unconverted lease, means a person beneficially entitled to the lessee’s ownership of the unconverted lease. conversion cost , for an unconverted lease, means the total of the following amounts— the amount equivalent to the declared percentage of the value amount of the lease; any fees prescribed, at the time the lease is cancelled under this division, under the Land Act 1994 or the Land Title Act 1994 for the issue of a deed of grant for the land contained in the lease; the costs reasonably incurred by the chief executive in converting the lease to freehold land. s 6 def conversion cost amd 2010 No. 39 s 325 sch 1 pt 2 register a document, an interest, land or something else, means to record the particulars of the thing in the appropriate register under the Land Act 1994 or the Land Title Act 1994 . registered owner , of land in a deed of grant issued under this division, means the person recorded in the freehold land register as the registered owner of the land. unconverted lease means a residential lease in force immediately before the application day. s 6 amd 1978 No. 58 s 15 ; 1980 No. 49 s 7 ; 2003 No. 52 s 153 sch 2 (amd 2005 No. 33 s 11 (retro)) sub 2005 No. 46 ss 13 – 14

• (a) the amount equivalent to the declared percentage of the value amount of the lease;
• (b) any fees prescribed, at the time the lease is cancelled under this division, under the Land Act 1994 or the Land Title Act 1994 for the issue of a deed of grant for the land contained in the lease;
• (c) the costs reasonably incurred by the chief executive in converting the lease to freehold land.