Transfer of plantation licence or plantation sublicence sold in execution
61SZ Transfer of plantation licence or plantation sublicence sold in execution
If a plantation licence or plantation sublicence is sold under a registered enforcement warrant, the registrar of the relevant court may execute a transfer to the purchaser.
On registration of the transfer, the transferee becomes the plantation licensee or plantation sublicensee for the plantation licence or plantation sublicence subject to—
registered mortgages and other registered interests; and
unregistered mortgages notified by caveat lodged before registration of the enforcement warrant.
To remove any doubt, it is declared that a sale of a plantation licence or plantation sublicence under a registered enforcement warrant is subject to the requirements of this Act relating to consent to the transfer of a plantation licence or plantation sublicence.
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