PART 14 PART 14 WRITS
96. Request to register writ of execution
The Registrar shall register a writ of execution relating to real property if —(a) a request to register the writ is lodged by the judgment creditor for whose benefit the writ was issued, together with an official copy of the writ; and(b) the request is lodged within 180 days of the date of issue of the writ.
97. How writ is registered
The Registrar registers a writ of execution by registering the writ in the folio.
98. Effect of registering writ of execution(1) A writ of execution —(a) does not bind or affect real property until it is registered; and(b) binds or affects real property only if it is executed and put in force —(i) by not later than the first anniversary of the date it is issued; or(ii) within any extended time period allowed by the Court.(2) A registered writ of execution takes effect as if it were a registered mortgage securing the amount payable under the writ. A sale under the writ is treated as if it were a sale by a registered mortgagee in exercise of a power of sale.
99. Cancellation of registration of writ
The Registrar shall cancel the registration of a writ of execution if —(a) a request to cancel is lodged by the judgment creditor for whose benefit the writ was issued; or(b) the Registrar determines that the time or extended time for executing and putting the writ into force has expired.
100. Discharging or satisfying writ of execution(1) If a registered writ of execution has been satisfied or discharged, the Registrar may register that fact in the folio.(2) The Registrar may act under subsection (1) —(a) on the Registrar's own initiative;(b) on application by a registered owner; or(c) by order of the Court.
101. Transfer of lots sold in execution
If a lot is sold under a registered writ of execution, the appropriate officer of the Court may execute a transfer to the purchaser.