Queensland Consolidated Acts

LAND TITLE ACT 1994 - SECT 62

62 Effect of registration of transfer

(1) On registration of an instrument of transfer for a lot or an interest in a lot, all the rights, powers, privileges and liabilities of the transferor in relation to the lot vest in the transferee.

(2) Without limiting subsection (1) , the registered transferee of a registered mortgage is bound by and liable under the mortgage to the same extent as the original mortgagee.

(3) Without limiting subsection (1) , the registered transferee of a registered lease is bound by and liable under the lease to the same extent as the original lessee.

(4) In this section—

"rights" , in relation to a mortgage or lease, includes the right to sue on the terms of the mortgage or lease and to recover a debt or enforce a liability under the mortgage or lease.