Queensland Consolidated Acts Queensland Consolidated Acts19.(1) The registrar of titles or other person required or authorised by law
to register or record transactions affecting assets or liabilities must, on
application by Westpac, register or record in the appropriate way the transfer
of an asset or liability under this Act to Westpac.
(2) A transaction,
related to an asset or liability transferred to Westpac, entered into by
Westpac in Challenge's name or the name of a predecessor in title to
Challenge, if effected by an instrument otherwise in registrable form, must be
registered even though Westpac has not been registered as proprietor of the
asset or liability.
(3) If an asset or liability (other than an excluded asset) is registered in the name of Challenge, the registrar of titles or other registering authority may register a dealing for a transaction about the asset or liability without being concerned to enquire whether it is, or is not, an asset or liability transferred under this Act.