(1) The registered proprietor of an estate in fee simple in a parcel of land under the Land Transfer Act 1952, or of an estate as lessee under a memorandum of lease registered under that Act in respect of a parcel of land, or of an estate as lessee or licensee under a lease or licence from the Crown registered under that Act in respect of a parcel of land, may subdivide that parcel of land, in accordance with the provisions of this Act, into—
(a) Two or more principal units; and
(aa) Such number of accessory units (if any) as the registered proprietor may wish; and
(b) Common property, being so much of the land as is not comprised in any unit.
(2) [Repealed]
(3) Nothing in this Act shall restrict the Land Act 1948 or the Maori Affairs Act 1953.
Compare: Conveyancing (Strata Titles) Act 1961, ss 2, 3 (NSW); Strata Titles Act 1967, s 3 (Victoria)
Subsection 2 was repealed, as from 1 April 1979, by section 4(1) Local Government Amendment Act 1978 (1978 No 43).
Subsection (1)(a) was substituted, and subsection (1)(aa) was inserted, as from 2 November 1979, by section 11 Unit Titles Amendment Act 1979 (1979 No 37).