When a Crown lease is
signed by the Registrar it shall be deemed to be registered and, subject to
this Act, may be transferred, subleased, and dealt with in like manner as if
it had been granted by a registered proprietor and registered in the ordinary
way, and the several provisions of this Act with respect to freehold land
shall apply to such Crown lease, and every mortgage or sublease thereof,
whether granted before or after the commencement of the Transfer of Land Act
Amendment Act 1909 ; with such variations only as the difference in the nature
of such property requires, or as may be necessary to render such provisions
applicable to leaseholds for years.
[Section 81C inserted: No. 54 of 1909 s. 5 (as
amended: No. 17 of 1950 s. 75).]