161Substitute instrument

161 Substitute instrument (1) If the Registrar-General is satisfied that a registered instrument has been lost or destroyed, the Registrar-General may issue a substitute instrument. (2) The Registrar-General may endorse on the substitute instrument: (a) that the instrument is a substitute replacing a lost or destroyed instrument; (b) the date that the substitute instrument was issued; (c) that the substitute instrument is to be used in place of the original instrument; (d) the location of the original instrument so far as it is known; and (e) other known circumstances of the loss or destruction. (3) On issuing the substitute instrument: (a) the substitute instrument becomes the registered instrument instead of the original instrument; and (b) the substitute instrument has the priority to which the original instrument was entitled. (4) The Registrar-General must record in the land register that the substitute instrument has been issued and the date it was issued.