35Notices of statutory restrictions

35 Notices of statutory restrictions (1) If a law of the Territory imposes a restriction on the use or occupation, or any dealing, with land, the Minister having responsibility for the administration of the law: (a) may; or (b) if the land is prescribed property and was granted to an association or corporation by section 46(1A) of the Lands Acquisition Act 1978 – must, lodge with the Registrar-General a memorandum. (2) The memorandum is to: (a) identify the land; (b) specify the statutory authority under which the restriction was imposed and the date on which it was imposed; and (c) request that a memorial be entered in the land register in relation to the land. (3) If, immediately before the commencement of this subsection, a restriction consisted of the right of the Crown to revoke the reservation on land held by a council on lease under legislation then in force, the right (and hence the restriction) continues in force as if the relevant legislation had continued in force. (4) If land is prescribed property and was acquired wholly or partly from or using funds obtained under a grant from the Commonwealth, the appropriate minister of the Commonwealth may lodge the memorandum instead of the Minister. (5) The Registrar-General must: (a) register the memorandum; and (b) enter a statutory restrictions notice in the land register against the land to which the memorandum relates. (6) A statutory restrictions notice does not of itself preclude any dealings with land but has effect according to the tenor of the statutory restriction to which it refers. (7) In this section, prescribed property has the meaning it has in the Associations Act 2003. Land Title Act 2000 26