New South Wales Consolidated Acts

RURAL ASSISTANCE ACT 1989 - SECT 37

37 Consent not required to the registration of certain transfers

(1) Despite anything to the contrary in the Crown Lands Acts or in the regulations under those Acts, the consent of the Minister administering any of those Acts or of any other person is not required in connection with the registration of transfers to the Authority to secure loans made under this Act or in connection with the registration of transfers by ways of release of mortgage to the original borrower.

(2) If the Authority exercises its power of sale, under or by virtue of any mortgage or other security, of any land held under the Crown Lands Acts, the transfer by way of sale under those Acts made in the exercise of the Authority’s power of sale shall, subject to compliance by the purchaser with subsection (3), be registered despite the non-payment, at the time of registration, of any amounts due to the Crown.

(3) The purchaser acquiring land in pursuance of any transfer referred to in subsection (2) shall undertake to pay the amount due to the Crown, as so referred to, at the times and in the manner to be agreed on by the Minister administering the Act under which the money is owed and the Authority.