Moved by
Lord Callanan
38: Schedule 3, page 55, line 20, leave out “period of 6 months beginning with the commencement date” and insert “transitional period”
Member’s explanatory statement
This amendment and related amendments align the transitional periods under Schedule 3 with the period in new clause (Applications in the transitional period: information about land transactions).
39: Schedule 3, page 56, line 9, leave out from “estate” to end of line 10 and insert “as soon as reasonably practicable and in any event before the end of the transitional period”
Member’s explanatory statement
This amendment requires the Chief Land Registrar to act as soon as reasonably practicable, and in any event before the end of the transitional period, to enter a restriction in relation to an estate in land owned by an overseas entity since before the Bill comes into force.
40: Schedule 3, page 56, line 11, leave out “period of 6 months beginning with the commencement date” and insert “transitional period”
Member’s explanatory statement
This amendment and related amendments align the transitional periods under Schedule 3 with the period in new clause (Applications in the transitional period: information about land transactions).
41: Schedule 3, page 56, line 15, leave out “this Part of this Schedule comes” and insert “section 3(1) comes fully”
Member’s explanatory statement
This amendment changes the definition of “the commencement date” in Schedule 3 so that it is the same as the date from which the transitional period (as amended) would run.
42: Schedule 3, page 56, line 21, at end insert—
““the transitional period” has the meaning given by section (Applications in the transitional period: information about land transactions)(10).”
Member’s explanatory statement
This amendment defines “the transitional period” for the purposes of Part 2 of Schedule 3 to have the same meaning as in new clause (Applications in the transitional period: information about land transactions).