Trusts Act 2025
sec.152Protection for persons registering dealings with trust property
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sec.152 Protection for persons registering dealings with trust property
If a trustee has joined with another person in the sale of trust property, the relevant registrar or another person registering or otherwise recording a dealing with the trust property is not, when registering or recording a dealing relating to the sale— affected by notice of the circumstances of the apportionment of the proceeds of sale; or required to inquire into those circumstances. Also, the relevant registrar is not required to inquire into the surrender, by a trustee, of— freehold or leasehold land; or a water allocation or a lease of a water allocation. (sec.152-ssec.1) If a trustee has joined with another person in the sale of trust property, the relevant registrar or another person registering or otherwise recording a dealing with the trust property is not, when registering or recording a dealing relating to the sale— affected by notice of the circumstances of the apportionment of the proceeds of sale; or required to inquire into those circumstances. (sec.152-ssec.2) Also, the relevant registrar is not required to inquire into the surrender, by a trustee, of— freehold or leasehold land; or a water allocation or a lease of a water allocation.
- (a) affected by notice of the circumstances of the apportionment of the proceeds of sale; or
- (b) required to inquire into those circumstances.
- (a) freehold or leasehold land; or
- (b) a water allocation or a lease of a water allocation.