Land Act 1994

This section applies to a relevant interest if it is of a type for which there is a prescribed term.

The relevant interest is subject to the prescribed term from—

for a relevant interest that is required to be registered under this Act—

if the interest was registered before the commencement of the prescribed term—the expiry of the transition period for the prescribed term; or

otherwise—the registration of the interest; or

for another relevant interest—

if the interest was created before the commencement of the prescribed term—the expiry of the transition period for the prescribed term; or

otherwise—the creation of the interest.

The prescribed term binds each person who holds the relevant interest and each successor in title of the person.

If a term of a tenure document for the relevant interest, or another document creating the relevant interest, is inconsistent with the prescribed term, the prescribed term prevails to the extent of the inconsistency.

This section applies despite any other provision of this Act, other than section 257.

In this section—transition period, for a prescribed term, means a period, prescribed by regulation, starting on the commencement of the prescribed term.