South Australian Current Acts South Australian Current Acts67—Instruments not effectual until registration
No instrument registrable under this Act shall be effectual to pass any land
or to render any land liable as security for the payment of money, but upon
the registration of any instrument in manner herein prescribed, the estate or
interest specified in such instrument shall pass, or, as the case may be, the
land shall become liable as security in manner and subject to the covenants,
conditions, and contingencies set forth and specified in such instrument or by
this Act declared to be implied in instruments of a like nature.