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Land And Conveyancing Law Reform Act 2009

PART 3

Future Interests

Operation of future interests in land.

15.— (1) Subject to subsection (2), all future interests in land, whether vested or contingent, exist in equity only.

(2) Subsection (1) does not apply to—

(a) a possibility of reverter, or

(b) a right of entry or of re-entry attached to a legal estate.