Application of mandatory standard terms document
535 Application of mandatory standard terms document
This section applies if, under section 319, a mandatory standard terms document formed part of a document immediately before the commencement.
The document is not affected by the repeal of former section 318A.
Subject to subsection (4), the mandatory standard terms document continues to form part of the document unless, and until, the interest in land to which the document relates becomes subject to a prescribed term.
Note—A relevant interest may be subject to a prescribed term. See chapter 5A.
If there is a conflict between the document, or another document, and the mandatory standard terms document, the mandatory standard terms document prevails.
Subsection (4) applies despite section 320(2).
This Act’s bill:Explanatory memorandum
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