sec.18Recording conversion of title etc.

sec.18 Recording conversion of title etc.

The chief executive must, as soon as practicable after the conversion day— give the chief executive (land) a notice asking that the chief executive note in the appropriate register under the Land Act 1994 the cancellation under section 15 (1) (a) of the shopping centre leases to which the section applies; and give the registrar of titles a notice asking that the registrar record the vesting of the transfer lots under section 15 (1) (b) , 16 or 17 and stating— the name of the first owner of each transfer lot and, if a transfer lot vests in co-owners, the interests taken by the co-owners; and if a transfer lot vests subject to the chief executive’s charge—the lot vests subject to the charge and the conversion cost for the lot. The registrar of titles must— record in the freehold land register— the vesting of the transfer lots; and the interests mentioned in section 15 (4) (b) in relation to the transfer lots; and if a transfer lot vests subject to the chief executive’s charge— record the chief executive’s charge in the freehold land register; and while a chief executive’s charge is recorded in the freehold land register, keep a record of the conversion cost for the lot. Fees payable under the Land Title Act for recording the vesting of a transfer lot under section 15 (1) (b) , 16 or 17 must be paid by the department. However, no fee is payable for recording the chief executive’s charge under this section. Subsection (6) applies to an instrument of covenant— in favour of the State relating to the use for a taxi rank of the part of lot 20 of the principal scheme identified on the principal scheme plan as ‘taxi rank covenant’; and executed before the conversion day by the chief executive. The instrument of covenant may be registered under the Land Title Act even though the covenant is entered into by the State with the State. In this section— chief executive (land) means the chief executive of the department in which the Land Act 1994 is administered. (sec.18-ssec.1) The chief executive must, as soon as practicable after the conversion day— give the chief executive (land) a notice asking that the chief executive note in the appropriate register under the Land Act 1994 the cancellation under section 15 (1) (a) of the shopping centre leases to which the section applies; and give the registrar of titles a notice asking that the registrar record the vesting of the transfer lots under section 15 (1) (b) , 16 or 17 and stating— the name of the first owner of each transfer lot and, if a transfer lot vests in co-owners, the interests taken by the co-owners; and if a transfer lot vests subject to the chief executive’s charge—the lot vests subject to the charge and the conversion cost for the lot. (sec.18-ssec.2) The registrar of titles must— record in the freehold land register— the vesting of the transfer lots; and the interests mentioned in section 15 (4) (b) in relation to the transfer lots; and if a transfer lot vests subject to the chief executive’s charge— record the chief executive’s charge in the freehold land register; and while a chief executive’s charge is recorded in the freehold land register, keep a record of the conversion cost for the lot. (sec.18-ssec.3) Fees payable under the Land Title Act for recording the vesting of a transfer lot under section 15 (1) (b) , 16 or 17 must be paid by the department. (sec.18-ssec.4) However, no fee is payable for recording the chief executive’s charge under this section. (sec.18-ssec.5) Subsection (6) applies to an instrument of covenant— in favour of the State relating to the use for a taxi rank of the part of lot 20 of the principal scheme identified on the principal scheme plan as ‘taxi rank covenant’; and executed before the conversion day by the chief executive. (sec.18-ssec.6) The instrument of covenant may be registered under the Land Title Act even though the covenant is entered into by the State with the State. (sec.18-ssec.7) In this section— chief executive (land) means the chief executive of the department in which the Land Act 1994 is administered.