282Restriction on transfer, assignment and parting with

282 Restriction on transfer, assignment and parting with possession—certain University of NSW leases (1) This section applies to a lease granted to the University of NSW of land mentioned in section 274 (2) (g). (2) The territory planning authority must tell the registrar-general that this section applies to the lease. Note If the territory planning authority tells the registrar-general that this section applies to a lease, the registrar-general must include a memorial in the register to that effect (see Land Titles Act 1925, s 72D). (3) If a memorial stating that this section applies to the lease is included in the register under the Land Titles Act 1925, the University of NSW, or anyone else with an interest in the lease, must not— (a) for 20 years after the day the lease was granted—deal with the (b) after the 20-year period—deal with the lease without the territory planning authority’s approval under section 283. (4) A dealing in relation to a lease to which this section applies that is made or entered into in contravention of subsection (3) has no effect.

(5) However, subsection (4) does not apply to a dealing registered under the Land Titles Act 1925. deal, with a lease— (i) assign or transfer the lease; or (ii) vary the lease; or (iii) part with possession of the land described in the lease or any part of it; but (b) does not include a subdivision or consolidation of the lease.