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s 6A

Meaning of prescribed change of ownership

In force
Part 2Homes and home sites
Division 3Automatic conversion of residential leases to freehold land
Subdivision 1Preliminary

6A Meaning of prescribed change of ownership

A prescribed change of ownership of an unconverted lease is a change in the lessee’s ownership of the lease registered on or after the application day, other than any of the following—

(a)

for an unconverted lease held by joint tenants, if 1 or more of the joint tenants die—the recording of the surviving joint tenant or tenants as the lessee for the lease;

(b)

for an unconverted lease held by a lessee who dies—a transmission of the lease to the lessee’s personal representative;

(c)

for an unconverted lease held by a person who becomes an insolvent under administration—a transmission of the lease—

(i)

to the person’s trustee; or

(ii)

if the person ceases to be an insolvent under administration—from the person’s trustee to the person;

(d)

another change in the lessee’s ownership of a type prescribed under a regulation.

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