Restrictions on dealings in land applied for approved assistance schemes
11 Restrictions on dealings in land applied for approved assistance schemes
In this section —
Registrar means the Registrar of Titles or Registrar of Deeds and Transfers, according to which of them is responsible for registering or otherwise acting on a dealing referred to in subsection (2).
If, under an approved assistance scheme, the Corporation disposes of an estate or interest in land to a person, the Corporation may deliver a memorial of that disposal to the Registrar who is to register the memorial and make appropriate endorsements on the title and records relating to that land.
If a memorial is registered under subsection (2), the Registrar is not to register or accept for registration without the Corporation’s consent, except as stated in subsection (4), an instrument effecting —
a transfer or assignment of the estate or interest in land; or
a lease of the land.
Subsection (3) does not prohibit the Registrar from registering or accepting for registration an instrument referred to in that subsection if —
the Corporation gives to the Registrar an appropriate authorisation signed by the chairman; and
the Registrar endorses the title and records relating to the land accordingly.
[Section 11 amended: No. 47 of 2011 s. 16.]
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