The purpose of this Act is to replace the Land Transfer Act 1952 with a modern Act. You will have a new Act that continues the Torrens system of land title in New Zealand. This system provides security of ownership of land and facilitates the transfer of land. The new Act retains the fundamental principles of the Torrens system. These principles include providing security of ownership of estates and interests in land, and facilitating the transfer of and dealings with estates and interests in land. The Act also provides compensation for loss arising from the operation of the system. The Act provides a register of land that describes and records the ownership of estates and interests in land, as outlined in the Land Transfer Act 1952. The new Act reflects the fact that the land transfer register is kept and operated electronically. Most dealings in land are carried out electronically, which helps maintain the integrity of title to estates and interests in land. The new Act aims to maintain the integrity of title to estates and interests in land by following these principles. This means you can trust the system to provide accurate information about land ownership. The Act is designed to work with the electronic land transfer register and electronic dealings in land.