Land Transfer Act 2017
The Land Transfer Act 2017 came into force on 12 November 2018. It repeals and replaces the Land Transfer Act 1952. The 2017 Act updates and modernises the earlier legislation.
The key changes for bodies corporate and unit owners are:
- New terminology, “record of title” replaces certificate of title and computer unit title register unique identifier, “burdened land” and “benefitting land” replace servient tenement and dominant tenement respectively. This may affect some statutory forms in the Unit Titles Regulations 2017; and
- Amended identification requirements when signing authority and instruction forms, which will affect unit owners selling their units and new purchasers buying units.