Effect of registration on interest
61SF Effect of registration on interest
On registration of a document expressed to transfer or create an interest in a plantation licence or plantation sublicence—
the interest is created or transferred in accordance with the document; and
the interest is registered; and
the interest vests in the person identified in the document as the person entitled to the interest.
A person who holds an interest in a plantation licence or plantation sublicence holds the interest subject to—
all other interests in the plantation licence or plantation sublicence previously registered; and
all rights and interests registered in the register of State forests kept under the Land Act 1994.
Subsection (1)(a) and (c) does not apply to a mortgage.
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