s5 Torrens Registration System Flashcards
what is Torrens System?
it is a type of land registration system
Prior to the Torrens system, the Deeds Registration system existed
is the deeds registration system still in operation under legislation?
Yes,
In Vic, deed system have been deactivated (from 1999) and it no longer register old title documents.
who is the Founder of Torrens System?
it was devised by Sir Robert Torrens (South Australian)
Define Indefensible ?
That which cannot be defeated, revoked, or made void.
Define Indefensible ?
That which cannot be defeated, revoked, or made void.
The key characteristic of the Torrens System is?
The new title holder gains ‘indefeasibility’ through a single certificate of title
- The register creates a folio describing the land and interests held, including caveats
- The most common interests registered are estates and mortgages
- Leases of more than 3 years and easements also registrable
under which Victorian Act is Torrens system?
Transfer of Land Act 1958 (Vic)
is a registered land holder under Torrens system subject to doctrine of notice?
No - s43 PLA
is a registered title under Torrens system always indefeasible?
No, there are some exceptions where the title can no longer be considered as indefeasible under s42 Transfer of Land Act 1958 (Vic).
what is a statutory exception to indefeasibility?
Fraud - it includes notice of a prior interest combined with an assurance the interest will be upheld, not upholding a priority agreement, and forgery (fraudulent copy).