42Revenues of authorised operator

42 Revenues of authorised operator

42 Revenues of authorised operator

(1) Money collected, received or held by or on behalf of the authorised operator in connection with the exercise of any titling and registry functions is collected, received or held by the authorised operator on its own account and for its own use and benefit and not for or on behalf of the State.

Note—

Accordingly any such money is not required to be paid into the Consolidated Fund under section 39 of the Constitution Act 1902.

(2) This section does not affect the requirement under section 134 of the Real Property Act 1900 for payment of an amount into the Torrens Assurance Fund from fees paid to the Registrar-General, and fees paid to the authorised operator as delegate of the Registrar-General are subject to that requirement.