New Zealand Legislation: Bills
Bills are proposed Acts
(1) The chief executive of LINZ must issue to the Registrar-General a certificate that identifies (by reference to the relevant legal description, certificate of title, or computer register) each allotment that is—
(a) all or part of a settlement property; and
(b) contained in a certificate of title or computer register that has a memorial entered under any enactment referred to in section 12(2).
(2) The chief executive of LINZ must issue a certificate under subsection (1) as soon as is reasonably practicable after—
(a) the settlement date, in the case of a settlement property that is not a deferred selection property cultural redress property (other than the urupā site) or RFR land; or
(ab) the date (described in section 47(7)) on which the urupā site vests under section 47(1), in the case of the urupā site; or
(b) the actual deferred settlement date, in the case of a deferred selection property.
(3) Each certificate must state that it is issued under this section.
(4) The Registrar-General must, as soon as is reasonably practicable after receiving a certificate issued under subsection (1),—
(a) register the certificate against each certificate of title or computer register identified in the certificate; and
(b) cancel, in respect of each allotment identified in the certificate, each memorial that is entered (in accordance with any enactment referred to in section 12(2)) on a certificate of title or computer register identified in the certificate.
