sec.122Stratum boundary adjustment plan

sec.122 Stratum boundary adjustment plan

The boundaries of stratum lots may be adjusted by the registration of a stratum boundary adjustment plan if the local government is satisfied that the adjustment is minor. On registration of the plan by the registrar of titles, the land vests in accordance with the adjusted boundaries. A registered mortgage, lease or other registered estate in a stratum lot adjusted by the registration of a stratum boundary adjustment plan— is not affected by the registration of the plan; and is taken to relate to the adjusted stratum lot. s 122 amd 1999 No. 30 s 98 sch 3 pt 1 ; 2001 No. 71 s 551 sch 1 (sec.122-ssec.1) The boundaries of stratum lots may be adjusted by the registration of a stratum boundary adjustment plan if the local government is satisfied that the adjustment is minor. (sec.122-ssec.2) On registration of the plan by the registrar of titles, the land vests in accordance with the adjusted boundaries. (sec.122-ssec.4) A registered mortgage, lease or other registered estate in a stratum lot adjusted by the registration of a stratum boundary adjustment plan— is not affected by the registration of the plan; and is taken to relate to the adjusted stratum lot.

• (a) is not affected by the registration of the plan; and
• (b) is taken to relate to the adjusted stratum lot.