(1)Except as provided by this Act, the description of any land in[F1 the register] shall not be conclusive as to the boundaries or extent of the land.
(2)The Registrar may at any time, on the application of the registered owners of adjoining registered lands or of the registered owner of any registered land and of the owner of any adjoining unregistered land, and on the prescribed conditions being complied with, settle and enter on[F1 the register] as conclusive the boundaries between those lands or any parts thereof, with such alterations, if any, as may from time to time be agreed upon.
(3)For the purposes of subsection (2), an entry in[F1 the register] made pursuant to an application under that subsection shall be conclusive only as between the parties to the application and their respective successors in title, and shall not operate to confirm the title to the lands the boundaries whereof are settled.
(4)On the transfer of part of any registered land, the Registrar, on the prescribed conditions being complied with, may enter on[F1 the register] as conclusive the boundaries between the part transferred and the part not transferred.
(5)If, on the transfer of any registered land, any question arises as to the boundaries or extent of the land, the Registrar shall, on the application of the transferor or of the transferee, have jurisdiction to decide the question as between them, and, for that purpose, the Registrar may, if he thinks fit, adopt the decision of any person agreed on by them or appointed by him.