Document ID: chunk:federal_register_of_legislation:C2025C00154:section:171
Version: federal_register_of_legislation:C2025C00154
Segment Type: section
Provision Reference: s 171
Character Range: 201070–202329

171  Vesting of property
 (1) If an order is made by a court under this Act vesting property in a person:
 (a) subject to subsections (2) and (3), the property immediately vests in law and in equity in the person named in the order by force of this Act; and
 (b) if the order is made by a court—the person who applied for the order must, within 7 days after the entering of the order, lodge an office copy of the order with such person (if any) as is specified in the order.
 (2) If:
 (a) the property is of a kind whose transfer or transmission may be registered under a law of the Commonwealth, of a State or of a Territory; and
 (b) that law enables the registration of such an order;
the property does not vest in that person at law until the requirements of the law referred to in paragraph (a) have been complied with.
 (3) If:
 (a) the property is of a kind whose transfer or transmission may be registered under a law of the Commonwealth, of a State or of a Territory; and
 (b) that law enables the person named in the order to be registered as the owner of that property;
the property does not vest in that person at law until the requirements of the law referred to in paragraph (b) have been complied with.

Part 15—Exemptions and modifications