Queensland Consolidated Acts Queensland Consolidated Acts(1) Subsection (2) applies if—
(a) a mortgage is registered over a plantation licence or plantation sublicence; and
(b) an enforcement warrant is later registered in relation to the plantation licence or plantation sublicence.
(2) If the mortgagee of the plantation licence or plantation sublicence signs a transfer of the plantation licence or plantation sublicence after exercising the power of sale under the mortgage—
(a) registration of the enforcement warrant does not prevent registration of the transfer; and
(b) on registration of the transfer, the chief executive (lands) must cancel registration of the enforcement warrant.
(3) To remove any doubt, it is declared that a transfer of a plantation licence or plantation sublicence by a mortgagee exercising its power of sale is subject to the requirements of this Act relating to consent to the transfer of a plantation licence or plantation sublicence.