Part 8Miscellaneous provisions
73Assets, liabilities, and rights of former Authority and boards transferred to Crown
On the commencement of this Act,—
- all real and personal property belonging to the Authority established under section 4 of the National Parks Act 1952, or any board established under sections 16 to 18 of that Act (in this section referred to as the former Authority and any former board) shall vest in the Crown subject to all charges and trusts affecting that property:
- all money payable to the former Authority or any former board shall become payable to the Crown:
- all contracts, engagements, and liabilities, and all rights and authorities of any nature whatever of the former Authority or any former board shall become contracts, engagements, liabilities, rights, and authorities of the Crown:
- all proceedings pending by or against the former Authority or any former board may be carried on, completed, and enforced by or against the Crown.
All money vested in the Crown by subsection (1) shall be paid into a Crown Bank Account and shall be applied in accordance with section 57 as money received under this Act.
Subject to subsection (5), the
Registrar, on receiving a written request from the Director-General incorporating a reference to this section, shall, without fee, make such entries in his registers and on any outstanding documents of title and generally do all such things as may be necessary to give effect to the provisions of subsection (1) in respect of land and interests in land specified in the request.All references to the former Authority or any former board in any security or other document whatever (not being an enactment) that is subsisting immediately before the date of commencement of this Act, or in any notice or other communication served, given, or sent before, on, or after that date in relation to any such security or other document shall, unless the context otherwise requires, be read as references to the Crown.
No Registrar of Deeds or
Registrar or any other person charged with the keeping of any books or registers shall be obliged, solely by the provisions of this section, to change any reference to the former Authority or any former board to a reference to the Crown in his books or registers or in any document in his charge; but the presentation to any such Registrar or other person of any instrument—- executed or purporting to be executed on behalf of the Crown; and
- relating to any property held immediately before the commencement of this section by the former Authority or any former board; and
- containing a recital that the property has become vested in the Crown by virtue of the provisions of this section—
Except as provided in subsections (3) and (5), nothing in this section shall derogate from the provisions of the Land Transfer Act 2017.
Notes
- Section 73(2): amended, on , pursuant to section 83(7) of the Public Finance Act 1989 (1989 No 44).
- Section 73(3): amended, on , pursuant to section 38(2) of the Land Transfer (Computer Registers and Electronic Lodgement) Amendment Act 2002 (2002 No 11).
- Section 73(5): amended, on , pursuant to section 38(2) of the Land Transfer (Computer Registers and Electronic Lodgement) Amendment Act 2002 (2002 No 11).
- Section 73(6): amended, on , by section 250 of the Land Transfer Act 2017 (2017 No 30).