Immediate indefeasibility with transactional uncertainty

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dc.contributor.author Houghton, Jayden en
dc.coverage.spatial New Zealand en
dc.date.accessioned 2019-06-14T02:53:42Z en
dc.date.issued 2018-12 en
dc.identifier.issn 0549-0618 en
dc.identifier.uri http://hdl.handle.net/2292/47077 en
dc.description.abstract This article makes two contributions to scholarship on New Zealand’s new Land Transfer Act 2017. First, this article challenges the notion that the Act reaffirms the principle of immediate indefeasibility in New Zealand. It argues that, while the Act purports to reaffirm the principle of immediate indefeasibility, the new judicial discretion to alter the register in cases of manifest injustice in fact subverts the prevailing normative justification for interpreting indefeasibility as immediate – to give new and prospective bona fide registered owners transactional certainty. In doing so, the Act creates a degree of transactional uncertainty that belies the essence of what the principle of immediate indefeasibility stands for in New Zealand. Secondly, this article argues that the new judicial discretion creates three uniquely problematic uncertainties for new and prospective bona fide registered owners. The three uncertainties are: uncertainty about whether a person is eligible to apply to the court for an order cancelling the bona fide registered owner’s registration; uncertainty about the strength of that person’s application; and uncertainty about how a court is likely to interpret its new power to make an order. The article concludes that the new uncertainties are significant enough to have commercial implications for New Zealand’s land transfer system. en
dc.description.uri https://catalogue.library.auckland.ac.nz/primo-explore/fulldisplay?docid=uoa_alma21161567880002091&context=L&vid=NEWUI&search_scope=Combined_Local&tab=books&lang=en_US en
dc.language English en
dc.publisher Oxford University Press en
dc.relation.ispartofseries New Zealand Universities Law Review en
dc.rights Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher. en
dc.rights.uri https://researchspace.auckland.ac.nz/docs/uoa-docs/rights.htm en
dc.subject Indefeasibility en
dc.subject Land Law en
dc.subject Land Transfer en
dc.subject Land Transfer Act 2017 en
dc.subject Land Transfer Act 1952 en
dc.subject Judicial Discretion en
dc.subject Frazer v Walker en
dc.subject Manifest Injustice en
dc.title Immediate indefeasibility with transactional uncertainty en
dc.type Journal Article en
pubs.issue 2 en
pubs.begin-page 261 en
pubs.volume 28 en
dc.rights.holder Copyright: The author en
pubs.end-page 292 en
dc.rights.accessrights http://purl.org/eprint/accessRights/RestrictedAccess en
pubs.subtype Article en
pubs.elements-id 766217 en
pubs.org-id Law en
pubs.org-id Faculty Administration Law en
pubs.record-created-at-source-date 2019-03-14 en
pubs.online-publication-date 2019-06 en


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