(1) This part applies to a relevant instrument—(a) even if it were made or entered into before 1 January 2010; and(b) despite any provision of an Act mentioned in section 246M , definition relevant instrument .
(2) To remove any doubt, it is declared that this part applies to a relevant instrument even if it is registered or recorded under the Land Act 1994 or Land Title Act 1994 .
(3) However, despite subsection (1) (a) , this part does not apply in relation to a prescribed matter that, on 1 January 2010, is included in—(a) a relevant instrument that is a contract or other agreement mentioned in section 246M , definition relevant instrument , paragraph (k) and entered into before 1 January 2010; or(b) another relevant instrument made or entered into before 1 January 2010 that is in force or effect for a lot within the meaning of the Land Title Act 1994 .
(4) In this section—
"prescribed matter" means a prohibition, requirement or restriction mentioned in section 246O (1) (a) to (c) , 246P (1) or 246R (1) .