New South Wales Consolidated Acts

CARLINGFORD DRAINAGE IMPROVEMENT (LAND EXCHANGE) ACT 1992 - SECT 5

5 Status of lands after exchange

(1) On registration of transfers giving effect to an agreement entered into under section 4:

(a) the reserve portion ceases to be public reserve, and

(b) the covenant created by Transfer No L803029, in so far as it affected the residential portion, is extinguished.

(2) Nothing in this section precludes the creation, at any time subsequent to the transfer, of any interest in the lands affected by this Act.