Victorian Consolidated Legislation

Transfer of Land Act 1958 - SECT 26C

Removal of warning as to subsisting interests-general

26C. Removal of warning as to subsisting interests-general



(1) Land in a provisional folio created under this Division (other than a
folio created in respect of a possessory interest) ceases to be subject to the
subsisting interests referred to in the warning in the form of Part V of the
Fifth Schedule recorded on the folio at the end of 15 years from the date of
creation of the provisional folio.



(2) When registering a dealing that relates to a provisional folio created
under this Division the Registrar may delete the warning in the form of Part V
of the Fifth Schedule from the folio if satisfied that the land has ceased
under subsection (1) to be subject to subsisting interests.