Victorian Consolidated Legislation

Transfer of Land Act 1958 - SECT 18

Power of Registrar to create folio for conversion scheme land and require assurance contribution

18. Power of Registrar to create folio for conversion scheme land and require
assurance contribution



(1) The Registrar may in respect of land which is the subject of a conversion
scheme-

   (a)  create an ordinary folio; or

   (b)  create a provisional folio on which the only warning recorded is a
        warning in the form of Part IV of the Fifth Schedule; or

   (c)  create a provisional folio on which there is recorded a warning in the
        form of Part III of the Fifth Schedule which mentions-

   (i)  if there is only one qualification in the legal practitioner's
        certificate relating to the title to the land, that qualification; or

   (ii) if there is more than one qualification mentioned in the legal
        practitioner's certificate relating to the title to the land, one or
        more but not all of those qualifications; or

   (d)  create a provisional folio on which there is recorded a warning in the
        form of Part IV of the Fifth Schedule and a warning in the form of
        Part III of the Fifth Schedule which mentions-

   (i)  if there is only one qualification in the legal practitioner's
        certificate relating to the title to the land, that qualification; or





   (ii) if there is more than one qualification mentioned in the legal
        practitioner's certificate relating to the title to the land, one or
        more but not all of those qualifications- and may require the payment
        of an assurance contribution.

(2) This section does not limit section 108(3).