Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) Immediately after registration of a units plan, the registrar-general must—
(a) cancel the lease of the parcel and the duplicate lease, or the certificate of title of the parcel and the duplicate certificate; and
(b) issue a certificate of title for each unit to the lessee of the unit under the Unit Titles Act 2001 , section 33; and
(c) issue a certificate of title for the common property to the owners corporation; and
(d) enter on the certificate of title for the units a memorial of any mortgage or easement to which the lease is subject under section 8; and
(e) enter on the certificate of title for the common property a memorial of any easement to which the lease is subject under section 8.
(2) If there are 2 or more mortgages under
subsection (1) (d), or 2 or more easements under subsection (1) (d) or
(e), the memorials of the mortgages or easements must be entered so as to
preserve their priority.