sec.389AEffect on writ of execution of transfer after sale by mortgagee

### sec.389A Effect on writ of execution of transfer after sale by mortgagee Subsection (2) applies if— a mortgage is registered over a lease; and a writ of execution is later registered in relation to the lease. If the mortgagee of the lease signs a transfer of the lease after exercising power of sale under the mortgage— registration of the writ of execution does not prevent registration of the transfer; and on registration of the transfer, the registrar of titles must cancel registration of the writ of execution. s 389A ins 2001 No. 33 s 16 amd 2021 No. 12 s 148 sch 3 (sec.389A-ssec.1) Subsection (2) applies if— a mortgage is registered over a lease; and a writ of execution is later registered in relation to the lease. (sec.389A-ssec.2) If the mortgagee of the lease signs a transfer of the lease after exercising power of sale under the mortgage— registration of the writ of execution does not prevent registration of the transfer; and on registration of the transfer, the registrar of titles must cancel registration of the writ of execution. - (a) a mortgage is registered over a lease; and - (b) a writ of execution is later registered in relation to the lease. - (a) registration of the writ of execution does not prevent registration of the transfer; and - (b) on registration of the transfer, the registrar of titles must cancel registration of the writ of execution.