163Interests in land

163 Interests in land

Without prejudice to the generality of this Act and despite anything to the contrary in any other Act or law, if, immediately before the relevant date, Melbourne Water Corporation or a company licensee is, in relation to former Melbourne Water property, the registered proprietor of, or entitled to be registered as the proprietor of, an interest in land under the Transfer of Land Act 1958, then on and after that date—

(a) the transferee is to be taken to be the registered proprietor of that interest in land; and

S. 163(b) amended by No. 65/1995 s. 14(50)(b).

(b) the transferee has the same rights and remedies in respect of that interest as Melbourne Water Corporation or the company licensee had.