124Recordings about restrictive use conditions

124 Recordings about restrictive use conditions

124 Recordings about restrictive use conditions

(1) If a strata certificate issued by a local council is subject to a restrictive use condition, or a strata certificate issued by a registered certifier has a notation of a restrictive use condition, the Registrar-General must, on creating a folio for the lot, record the condition in the folio.

(2) A condition recorded under subsection (1) is an interest for the purposes of section 42 of the Real Property Act 1900.

(3) On lodgment of an instrument referred to in section 64, the Registrar-General must record the instrument in the Register.

(4) When the Registrar-General makes the record, the utility lot to which the instrument relates is released from the restriction referred to in the instrument.

s 124: Am 2018 No 63, Sch 3.13[4].