Queensland Future Fund (Titles Registry) Act 2021 (Qld)

Queensland Future Fund (Titles Registry) Act 2021

An Act to enable the performance of registry and other functions by a declared entity

Part 1 Preliminary

Division 1 Introduction

1 Short title This Act may be cited as the Queensland Future Fund (Titles Registry) Act 2021.

2 Commencement (1) Part 19 commences on 1 January 2022. (2) Any other provisions of this Act that are not in force on 1 July 2021 commence on a day to be fixed by proclamation.

3 Main purpose of this Act and how it is to be achieved (1) The main purpose of this Act is to support the State's contribution to the Queensland Future (Debt Retirement) Fund established under the Queensland Future Fund Act 2020. (2) The main purpose is to be primarily achieved by— (a) declaring an entity in which the State has a financial interest to be the entity to whom functions relating to the land registry or water allocations register may be delegated under an Act; and (b) providing for the transfer of assets, liabilities, rights, responsibilities, obligations, operations and employees to the entity; and (c) providing for the entity to collect and keep fees and other amounts relating to the land registry or water allocations register. (3) Other purposes of this Act are— (a) to ensure the entity mentioned in subsection (2)(a) properly performs the functions delegated to the entity under an Act; and (b) to ensure the accuracy, availability, integrity and security of each register in the land registry and the water allocations register are not compromised by the delegation of functions to the entity mentioned in subsection (2)(a) under an Act.

Division 2 Interpretation

4 Definitions The dictionary in schedule 2 defines particular words used in this Act.