389B
In forceEffect on writ of execution of transfer after sale by chief executive
Chapter 6Registration and dealings
Part 4Dealings affecting land
Division 11Writs of execution
389B Effect on writ of execution of transfer after sale by chief executive
(1)
This section applies if—
(a)
a writ of execution has been registered in relation to a lease; and
(b)
the chief executive has sold the lease under chapter 5, part 4, division 3A, subdivision 4.
(2)
If the chief executive executes a transfer of the lease for the purposes of the sale—
(a)
the registration of the writ of execution does not prevent registration of the transfer; and
(b)
on registration of the transfer, the registrar of titles must cancel registration of the writ of execution.
This Act’s bill:Explanatory memorandum
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