Charges over Transfer of Land Act land
47B Charges over Transfer of Land Act land
S. 47B(1) amended by No. 48/1995 s. 10(zg)(i)(ii), substituted by No. 85/1998 s. 24(Sch. item 38.1).
If VLA proposes to take out a charge over land, VLA must lodge a notice of the charge identifying the land to which it applies and the amount which has not been paid (including any interest which may become due and unpaid on the whole or any part of that amount).
S. 47B(2) amended by No. 48/1995 s. 10(zg)(ii).
The Registrar of Titles must, subject to the provisions of Division 1 of Part V of the Transfer of Land Act 1958, record in the register a notice lodged by VLA and upon the recording of that notice the land becomes charged with the payment of the amount which has not been paid (including any interest) and any interest which may become due and unpaid on the whole or any part of that amount.
The charge may be registered without submission to the Registrar of any relevant certificate of title.
S. 47C inserted by No. 38/1992 s. 10(1), amended by No. 48/1995 s. 10(zg)(i)(ii) (zh), repealed by No. 85/1998 s. 24(Sch. item 38.2).
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S. 47D inserted by No. 38/1992 s. 10(1).
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