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LAND TITLES ACT 1925 - SECT 47C

Registration of instruments effecting dutiable transaction

    (1)     This section applies to an instrument that effects a dutiable transaction, other than the following:

        (a)     a declaration of trust over dutiable property;

        (b)     a cancelled agreement for the sale or transfer of dutiable property;

        (c)     a grant of a commercial lease with premium.

    (2)     The transferee must lodge the instrument with the registrar-general for registration.

Note 1     The registrar-general must register an instrument lodged in registrable form (see s 48 (1)).

Note 2     If a form is approved under s 140 for registration of an instrument, the form must be used.

Note 3     A fee may be determined under s 139 for this provision.

    (3)     If the instrument is an agreement for the transfer of dutiable property in conformity with the agreement, it must be lodged with the registrar-general within 14 days after the day the agreement is completed, or any longer time determined by the commissioner.

    (4)     A determination is a notifiable instrument.

Note     A notifiable instrument must be notified under the Legislation Act

.

    (5)     In this section:

"commercial lease with premium"—see the Duties Act 1999

, section 6A.

"dutiable property"—see the Duties Act 1999

, section 10.

"dutiable transaction"—see the Duties Act 1999

, section 7 (2).

"transfer"—see the Duties Act 1999

, dictionary.



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