Queensland Consolidated Acts

LAND TITLE ACT 1994 - SECT 97M

97M Effect of surrender of lot on profit a prendre

(1) If a lot subject to a profit a prendre is surrendered to the State, other than absolutely, the profit a prendre is a transaction that must be recorded on the new deed of grant under the Land Act 1994 , section 358 (5) .

(2) If a lot subject to a profit a prendre is surrendered absolutely, the profit a prendre is an interest that, under the Land Act 1994 , section 331 (2) , is extinguished from the day the surrender is registered.