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LAND AND PROPERTY INFORMATION NSW (AUTHORISED TRANSACTION) ACT 2016 - SECT 42
Revenues of authorised operator
42 Revenues of authorised operator
(1) Money collected, received or held by or on behalf of the
authorised operator in connection with the exercise of any titling and
registry functions is collected, received or held by the authorised operator
on its own account and for its own use and benefit and not for or on behalf of
the State. Note-: Accordingly any such money is not required to be paid into
the Consolidated Fund under section 39 of the Constitution Act 1902 .
(2)
This section does not affect the requirement under section 134 of the
Real Property Act 1900 for payment of an amount into the Torrens Assurance
Fund from fees paid to the Registrar-General, and fees paid to the
authorised operator as delegate of the Registrar-General are subject to that
requirement.
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