New South Wales Consolidated Acts New South Wales Consolidated Acts(cf Act No 62, 1976, ss 14A-14C)
(1) If the Corporation requests the Registrar-General in the manner approved by the Registrar-General and pays the fee prescribed under the Real Property Act 1900 , the Registrar-General must make in the Register kept under that Act a recording appropriate to identify:(a) that land of which the Corporation is then the registered proprietor and that is specified in the request is, on a sale by the Corporation to a purchaser, to be held by the purchaser subject to:(i) conditions specified or referred to in the request, being all or any of the conditions referred to in section 24 (1), or(ii) the condition that the land may not be transferred, without a specified building or building of a specified class or description having been erected on the land, except with the consent of the Corporation, or(b) that a recording made in accordance with paragraph (a) has ceased to have effect.
(2) If a recording has been made in the Register in accordance with subsection (1) (a) in respect of any land (being a recording that has not ceased to have effect) and the Corporation subsequently enters into a contract for the sale of the land, each condition to which the recording relates has effect as a condition of the contract for the sale of the land.
(3) A condition referred to in subsection (1) does not merge in the transfer of title to the land on completion of a sale of the land by the Corporation.
(4) If a recording has been made in the Register in accordance with subsection (1) (a) in respect of any land, the Registrar-General must not register under the Real Property Act 1900 a transfer of the land to or by a person other than the Corporation unless:(a) a recording in accordance with subsection (1) (b) has been made in respect of the land, or(b) the consent of the Corporation to the transfer has been endorsed on the transfer.