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LAND TITLE ACT 1994 - SECT 97U
Surrendering or removing an interest
97U Surrendering or removing an interest
(1) On lodgement of an instrument surrendering a carbon abatement interest to
which a lot is subject, the registrar may register the surrender to the extent
shown in the instrument of surrender.
(2) On registration of the instrument
of surrender the interest is surrendered to the extent shown in the document.
(3) Also, the registrar may remove a carbon abatement interest from the
indefeasible title of a lot if— (a) a request to remove the carbon abatement
interest is lodged, and the request establishes that— (i) the period of time
for which the carbon abatement interest was intended to exist has ended; or
(ii) an event upon which the carbon sequestration was intended to end has
happened; or
(b) the registrar receives a request to remove the interest
under an Act of the Commonwealth.
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