PART 9CHARGES

Alteration of priority of registered charges102

1

An application to alter the priority of registered charges, as between themselves, must be made by or with the consent of the proprietor or a person entitled to be registered as the proprietor of any registered charge whose priority is adversely affected by the alteration, but no such consent is required from a person who has executed the instrument which alters the priority of the charges.

2

The registrar may accept a conveyancer's certificate confirming that the conveyancer holds any necessary consents.

3

The registrar must make an entry in the register in such terms as the registrar considers appropriate to give effect to the application.