Victorian Consolidated Legislation

Rural Finance Act 1988 - SECT 49

Generally as to vesting

49. Generally as to vesting



(1) Land vests in the Corporation under section 47 or 48 subject to the
covenants, conditions, exceptions and reservations imposed by the Governor in
Council at the time of vesting or at any time before the Corporation is
registered as proprietor of the land.

(2) The covenants, conditions, exceptions and reservations must be stated in
the notice of vesting of the land published in the Government Gazette.

(3) On production of a copy of the issue of the Government Gazette containing
that notice, the Registrar of Titles must register the Corporation as
proprietor of the land referred to in the notice subject to the covenants,
conditions, exceptions and reservations stated in the notice.

(4) The Corporation may deal with land that vests in it under section 47 or 48
in the same way as it has power to deal with land otherwise acquired by it.

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