Registering authorities to note transfer
14 Registering authorities to note transfer
The
Registrar-General of another authority required or authorised under a law of the State to register or record transactions affecting assets, rights or liabilities, or documents relating to such transactions, must, on application under this clause, register or record in an appropriate manner the transfer to the Minister or another body of an asset, right or liability under Part 3
Division 4 or this Schedule.
An instrument relating to an asset, right or liability that has been transferred under Part 3
Division 4 or this Schedule must, if the instrument is executed by the Minister in an appropriate form, be registered or recorded by the Registrar-General or another appropriate authority despite the fact that the Minister has not been registered or recorded as the proprietor of the property.
The vesting of property under Part 3
Division 4 or this Schedule, and any instrument evidencing or giving effect to that vesting, are exempt from stamp duty.
This Act’s bill:Second reading speech
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