Title to land, covenants and mortgages
21 Title to land, covenants and mortgages
A continued incomplete irrigation lease purchase continues to be governed by the contract of sale for the land (including with respect to when title to the land purchased passes and the granting of mortgages), subject to this Part.
Without limiting subclause (1), a continued incomplete irrigation lease purchase remains subject to any covenants required to be entered into by the former Ministerial Corporation.
The contract of sale is taken to have been entered into by the Minister on behalf of the Crown without the need for any novation. Accordingly, any reference to the former Ministerial Corporation is taken to be a reference to the Minister, except as provided by subclause (4).
Any mortgage over the land under a continued incomplete irrigation lease purchase granted by the former Ministerial Corporation continues to be held by the Ministerial Corporation under this Act on behalf of the Crown.
In this clause—
former Ministerial Corporation means the Lands Administration Ministerial Corporation as it was constituted by the Crown Lands Act 1989.
This Act’s bill:Explanatory memorandumSecond reading speech
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