Tasmanian Consolidated Acts
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LAND TITLES ACT 1980 - SECT 132
Trusts
(1) The Recorder shall not record particulars of any trust in the
Register.
(2) A dealing may state that a person named in the dealing is a
trustee
(a) for the purpose of expressing the consideration;
(b) for the purpose of providing that the person named assumes liability only
to the extent of an estate or interest of which the person is a trustee; and
(c) where the person named is a trustee pursuant to an Act or Commonwealth Act
(other than an Act applicable to trustees generally)
but shall not
disclose particulars of a trust.
(3) The Recorder, in the Recorders discretion, may in a folio of
the Register or certificate of title describe a registered proprietor as a
trustee where
(a) the proprietor was so described in the dealing by which the proprietor
became registered as a proprietor; or
(b) in the Recorder's opinion it is convenient for the administration of this
Act that the proprietor should be so described.
(4) The describing of a person as a trustee in a dealing or in a folio
of the Register or certificate of title does not affect the operation of
section 41 .
(5) A registered proprietor of an estate or interest who is a trustee of
the estate or interest shall hold the estate or interest in trust for the
persons and purposes to which it is applicable by virtue of the instrument
creating the trust, but for the purpose of a dealing with the estate or
interest the registered proprietor shall be deemed to be the absolute
proprietor of the estate or interest.
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