F1SCHEDULE 1ALand transactions: overseas entities

Annotations:
Amendments (Textual)

1Cases where Keeper must reject application under section 21

1

This paragraph applies where—

a

a person applies under section 21 for registration of a qualifying registrable deed, and

b

if the application is accepted by the Keeper—

i

the name of an overseas entity would be entered as proprietor in the proprietorship section of the title sheet of a registered plot of land, or

ii

an overseas entity would be the tenant under a registered lease.

2

The Keeper must reject the application unless the overseas entity is—

a

a registered overseas entity, or

b

an exempt overseas entity.

3

Sub-paragraph (2) does not apply where—

a

the application is made by a person other than the overseas entity referred to in sub-paragraph (1)(b)(i), and

b

the deed in respect of which the application is made is a lease or an assignation of a lease the subjects of which consist of or form part of an unregistered plot of land of which that overseas entity is the proprietor.