New South Wales Consolidated Acts
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STRATA SCHEMES DEVELOPMENT ACT 2015 - SECT 26
Registration and effect of dealings
26 Registration and effect of dealings
(1) As soon as practicable after accepting a dealing under section 25, the
owners corporation must lodge the dealing evidencing the transaction for
registration under the Real Property Act 1900 .
(2) The dealing must be
accompanied by a certificate, in the form approved by the Registrar-General,
under the seal of the owners corporation certifying that the
owners corporation authorised the dealing by special resolution.
(3) If the
dealing is a transfer of land, it may be registered only if a plan showing the
transferred land and the original parcel as a single lot is registered under
the Conveyancing Act 1919 .
(4) On the registration of an
accepted lease or sublease, the leasehold interest becomes common property.
(5) On the registration of a transfer of land, the land becomes
common property.
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