Commonwealth Consolidated Acts

BANK INTEGRATION ACT 1991 - SECT 24

    Where:

  (a)   a receiving bank becomes, under this Act, the owner of land, or of an interest in land, that is situated in a State or Territory; and

  (b)   there is lodged with the Registrar of Titles or other appropriate officer of the State or Territory in which the land is situated a certificate that:

  (i)   is signed by an authorised person; and

  (ii)   identifies the land or interest; and

  (iii)   states that the receiving bank has, under this Act, become the owner of that land or interest;

the officer with whom the certificate is lodged may:

  (c)   register the matter in the same manner as dealings in land or interests in land of that kind are registered; and

  (d)   deal with, and give effect to, the certificate.