New South Wales Consolidated Acts

CONVEYANCING ACT 1919 - SECT 23K

23K Transactions

(1) The Registrar-General may refuse to register a transaction with respect to a lot in a plan of subdivision for lease purposes unless it comprises--

(a) the lease of the whole of the lot for a period that, including the period of any option to renew, does not exceed 40 years, or

(b) the transfer, conveyance, sublease, variation or mortgage of a leasehold interest so created.

(2) This section does not apply to an agreement with respect to land the subject of a proposed plan of subdivision for lease purposes, but the agreement is taken to be conditional on the registration of the proposed plan.