Victorian Consolidated Legislation

Financial Sector Reform (Victoria) Act 1999 - SECT 13

Interests in land

13. Interests in land



(1) Without prejudice to the generality of this Part and despite anything to
the contrary in any other Act or law, if, immediately before the date on which
an asset of a transferring body becomes a transferred asset of a receiving
body, the transferring body is the registered proprietor of an interest in
land under the Transfer of Land Act 1958, then on and after that date-

   (a)  the receiving body is to be taken to be the registered proprietor of
        that interest in land; and

   (b)  the receiving body has the same rights and remedies in respect of that
        interest as the transferring body had.

(2) The Registrar of Titles, on being requested to do so and on delivery of
any relevant certificate of title or instrument and certificate of an
authorised APRA officer, must make any amendments in the Register that are
necessary because of the operation of this Part.