s 96
In forcePriority of charge
Part 4Inspection and compliance
Division 6Remedial action by Director General
96 Priority of charge
(1)
When a memorial of a charge on land is registered under section 101(4), the charge is the first charge on the land and has priority over all other mortgages, charges and encumbrances over the land.
(2)
However, if there is another statutory charge on the same land that ranks as a first charge under another Act, the relative priority of the charges must be determined according to the order of registration.
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