Ownership of equipment and improvements
327 Ownership of equipment and improvements
While the equipment or improvements are on the land they remain the property of the person who owned them immediately before they were taken, constructed or placed on the land, unless that person otherwise agrees.
Note—
See however section 334 (Obligation to remove equipment and improvements).
However, for a GHG well subsection (1) is subject to part 5, division 2.
Subsection (1) applies despite—
the plant or equipment having become part of the land; or
the sale or other disposal of the land.
The equipment or improvements can not be—
levied or seized in execution; or
sold in exercise of a power of sale or otherwise disposed of by a process under a law of a State taken against the holder or the owner of the land.
This section applies despite—
an Act or law of a State; or
a contract, covenant or claim of right under a law of a State.
This Act’s bill:Explanatory memorandum
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