The Land Registry Annual Report 2009/10
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HIGHLIGHT
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Recent Development
(i) Consultation on Amendments to LTO
A three-month public consultation on the amendments to the LTO in respect of the conversion mechanism and the rectification and indemnity provisions ended on 31 March 2009. Major stakeholders and members of the public had submitted their views.
The result of the public consultation indicated that there was general support for retaining automatic conversion of land registered under the Land Registration Ordinance to title registration regime twelve years after the commencement of the LTO. Respondents were also in favour of making limited exceptions to the mandatory rectification rule where it would be practically impossible to restore the title of an innocent former
owner who was displaced as a result of fraud.
All views and submissions as well as the Administration's response have been posted onto the consultation webpage of the Land Registry's homepage. We have also reported the outcome of the public consultation exercise to the Joint Subcommittee on Amendments to LTO under the Panel on Development and the Panel on Administration of Justice and Legal Services of the Legislative Council (LegCo Joint Subcommittee).
(ii) Public Engagement
To take forward the amendment exercise of the LTO, the Land Registry has been maintaining close liaison with stakeholders. The Land Registrar also chairs an LTO Steering Committee with representatives from the Consumer Council, the Law Society of Hong Kong, the Hong Kong Bar Association, the Heung Yee Kuk, the Hong Kong Association of Banks, the Hong Kong Mortgage Corporation, the Real Estate Developers Association of Hong Kong and the Estate Agents Authority, which provides a useful platform for stakeholders to exchange views on the LTO amendment exercise.
In addition, the Land Registry has been regularly reporting on its work progress to the LegCo Joint Subcommittee. Papers and documents submitted to the LegCo Joint Subcommittee are available at the Land Registry's homepage.
(iii) TV Programme —'“Stories of Our Land”
(iv) Preparation of Land Titles (Amendment) Bill