Continuation of interest
373Z Continuation of interest
This section applies if—
a change happens for land or an interest in land registered in an appropriate register (a registration change), resulting in—
the cancellation of the particulars for the land or interest in the appropriate register; and
if the change relates to land—the registration of the particulars in another appropriate register; and
Examples of a registration change for land—
• a national park is revoked under the Nature Conservation Act 1992, resulting in the removal of the particulars of the land from the register of nature conservation areas, and the registration of the particulars in the register of unallocated State land
• a deed of grant in trust is surrendered, resulting in the removal of the particulars of the interest from the freehold land register, and registration of the particulars in the register of unallocated State land
a carbon abatement interest is registered for the land or interest.
However, this section does not apply in relation to a carbon abatement interest to which the State is a party under section 373V(2).
If a registration change happens for land or an interest in land, the relevant Minister for the land may give written approval for the interest to continue.
If the carbon abatement interest is continued under subsection (3), the continuation must be recorded in the appropriate register.
This Act’s bill:Explanatory memorandum
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