Page 31 - English-DBINZ brochure-2019
P. 31

Buddle Findlay                                                                          28









                     Section 7
                     PROPERTY AND LAND LAW
























                     Property law



                     LAND TITLE SYSTEM
                     New Zealand utilises a land registration and transfer system based on the Torrens system.  This system
                     revolves around a public register of land ownership and is used in a number of other countries, including
                     Australia, the United Kingdom and Singapore.  The primary advantage of the Torrens system is that a
                     purchaser of land can rely on the correctness of the title to land as it is recorded in the public register.
                     Furthermore, in New Zealand the Crown guarantees that the details on the register are true and
                     complete.
                     Almost all land in private ownership in New Zealand is held under the Torrens system as enacted
                     in the Land Transfer Act 2017.  This Act provides for a public register of land, divided into 12 land
                     registration districts.  All transactions in relation to a piece of land, including transfers of the land and
                     the registration of mortgages, easements, caveats and other legal interests over the land, are recorded
                     on a record of title retained in the relevant registry’s electronic register.  The record of title also records
                     the area of the land.  A search copy of the record of title for a parcel of land can be obtained (for a
                     nominal fee) by various agents who will obtain the search from Land Information New Zealand (LINZ)
                     via its LandOnline service.  The purpose of including all this information on the register is to put the
                     public on notice of all interests which may affect the land, however, it should be noted that where land
                     is designated as “Māori land” then, as the Māori Land Court also holds records relevant to such land, a
                     search of the Māori Land Court’s register for the land should also be obtained to ensure that all relevant
                     interests in the land are known.  LINZ is currently developing various improvements to LandOnline to
                     unify this information.
                     When a purchaser of land requests a guaranteed search of the public register, he or she will be provided
                     with a search copy of the relevant record of title.  As the Crown guarantees that all interests affecting the
                     land appear on the record of title, the purchaser need not look any further to ascertain the true property
                     owner.  As a result, the process of purchasing land in New Zealand is relatively straightforward and
                     reliable - as well as cost-effective.
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