RETIREMENT VILLAGES ACT 1999 - SECT 119
Priority of charge
RETIREMENT VILLAGES ACT 1999 - SECT 119
Priority of charge
119 Priority of charge
(1) A statutory charge notified to the registrar of titles under this division
has priority over all registered securities in or over the retirement village
land to which the notice relates, whether or not the security was registered
before the statutory charge was notified to the registrar of titles.
(2)
However, a statutory charge does not have priority over the following
registered securities—
(a) a charge created, and given priority over other
charges, under a Commonwealth law or another law of the State;
(b) securities
registered in or over the retirement village land before 1 November 1989.
