15   Severance of a development lot

(1)  A community development lot may be severed from a community scheme, or a precinct development lot may be severed from a precinct scheme, by the registration of an instrument in the approved form.

(2)  The Registrar-General may refuse to register a severance of a development lot unless Schedule 8 is complied with.

(3)  On registration of the instrument severing a development lot, the Registrar-General is to:

(a)  make such recordings in the folio for the severed lot as the Registrar-General thinks fit in order to give effect to the severance while preserving subsisting interests recorded in the folio, and

(b)  make such notations on the related community plan or precinct plan with respect to the severance as the Registrar-General thinks fit.

(4)  A severed lot ceases to be a development lot but continues to be a lot in a current plan for the purposes of section 23F of the Conveyancing Act 1919.