117
In forceEffect of registering a writ of execution
Part 7Other dealings
Division 1Writs of execution
117 Effect of registering a writ of execution
For purchasers, lessees, mortgagees and creditors, a writ of execution—
(a)
can not, until registered, bind or affect registered lots, whether or not there is actual or constructive notice of the writ; and
(b)
binds or affects registered lots only if the writ is executed and put in force within—
(i)
6 months of its lodgement; or
(ii)
the extended time allowed by the court where the writ is filed and notified to the registrar.
This Act’s bill:Explanatory memorandum
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