Australian National University · S1 2026 · FACULTY OF LAW

LAWS2204 Property

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The Complete Exam Bible · S1 2026

LAWS2204 Overview

Property
— one subject, every test, every leading case, every NSW section
  • Australian National University
  • S1 2026
  • 9 chapters
  • Law

Property is the law of interests in land — how ownership fragments into estates, how those interests are created and ranked, and how the Torrens system guarantees title by registration.

  • Assessed by Final exam 60% · Research project 40% · Optional quizzes 0% — Final exam is a hurdle
  • Key terms Indefeasibility, Legal vs equitable interest, Fixture, Postponing conduct
  • How to prepare Because the exam is a 60% piece with a non-redeemable 50% hurdle, breadth of competence beats depth in one topic &mdash…
  • Most asked Is the LAWS2204 exam open or closed book?
Why read this guide

What you get in the full LAWS2204 Exam Bible

  1. 9 chapters, 43 pages — every examinable topic
  2. A practice bank written for this course in the Final exam format
  3. 9 worked examples, solved the way LAWS2204 marks

Free on this page: assessment table, chapter map, one worked example, key terms, FAQ. The rest is in the full exam bible.

LAWS2204 · Australian National University
An independent, AskSia-authored study guide. AskSia is not affiliated with, endorsed by, or sponsored by Australian National University; the course code and name are used for identification only.
Assessment

How LAWS2204 is assessed

ComponentWeightFormat
Final exam · hurdle60%Problem questions (“advise the client”) · non-redeemable 50% exam hurdle — you must pass the exam itself to pass the subject
Research project40%A 2,000-word essay or a 10-minute podcast on one topic from a teaching-team set list · due ~late March
Optional quizzes0%Self-check practice across the teaching weeks — confirm the exact format and exam conditions (open vs closed book) on your own Class Summary
Other students are asking · LAWS2204

What other students are asking about LAWS2204

Where can I find lecture notes or study guides for LAWS2204 at ANU?
The LAWS2204 study guide in AskSia Library covers Property in 9 chapters, with the assessment table, a chapter-by-chapter topic map, key terms and a worked example, free to read on this page.
Is there a final exam in LAWS2204, and how much is it worth?
Yes. In the offering this AskSia Library guide is built from, Final exam carries 60% of the LAWS2204 mark; the full split is Final exam 60%, Research project 40%.
What does LAWS2204 cover on estates and interests in land?
In AskSia Library's LAWS2204 guide, the Estates and Interests in Land chapter explains fee simple & life estate · legal vs equitable · the trust · adverse possession.
What does LAWS2204 cover on the torrens system?
In AskSia Library's LAWS2204 guide, the The Torrens System chapter explains title by registration · mirror / curtain / insurance · s 42 · immediate indefeasibility.
What does LAWS2204 cover on exceptions to indefeasibility?
In AskSia Library's LAWS2204 guide, the Exceptions to Indefeasibility chapter explains fraud brought home · in personam · overriding statutes · volunteers / s 118.
Weights, dates and every chapter are set out with their sources further down this page.
Contents · every chapter, one map

What LAWS2204 covers

Nine doctrinal topics → one exam-ready map. Each links to its free chapter guide.

01

Concepts of Property

Bundle of rights · realty vs personalty · fixtures · possession & relativity of title

Before any priority or indefeasibility rule, you must classify the interest — and Property opens with the tools to do it.

  • Property as a bundle of rights (Yanner v Eaton; Honoré's incidents)
  • Realty vs personalty; corporeal vs incorporeal; choses in possession & action
  • Fixtures step 1 — degree of annexation (the presumption, Holland v Hodgson)
  • Fixtures step 2 — the burden of proof (Coroneo)
  • Fixtures step 3 — object/purpose of annexation (decisive, Agripower)
  • Possession — the two-limb test (factual control + animus possidendi)
02

Estates and Interests in Land

Fee simple & life estate · legal vs equitable · the trust · adverse possession

This chapter is about how interests in land fragment and how equity arises — the building blocks every later priority dispute stands on.

  • The doctrine of estates — fee simple, life estate, pur autre vie
  • Determinable vs conditional fees (words of limitation vs words of condition)
  • Vested vs contingent interests
  • How equity arises — a specifically-enforceable agreement (Walsh v Lonsdale)
  • The trust — legal title vs the beneficial (equitable) interest; the Use → the Trust
  • The BFPVWN limit on equitable interests — the root of priority law
03

The Torrens System

Title by registration · mirror / curtain / insurance · s 42 · immediate indefeasibility

The Torrens system is the doctrinal centre of gravity of Property and the single most heavily examined block. The legal question is: what does the register guarantee, and how is title acquired?

  • Title by registration — RPA 1900 (NSW)
  • The three principles: mirror, curtain, insurance
  • 'Title BY registration, not registration OF title' (Breskvar v Wall) — registration cures defects
  • Section 42 — the registered proprietor's paramount title
  • Immediate indefeasibility (Frazer v Walker; Breskvar v Wall)
  • Notice is not a defect (s 43)
04

Exceptions to Indefeasibility

Fraud brought home · in personam · overriding statutes · volunteers / s 118

Having established that a registered proprietor's title is prima facie indefeasible under s 42, the marks are in the exceptions — the densest issue-spotting in the course.

  • When a registered title is defeasible — the menu of exceptions
  • The fraud exception (RPA ss 42 & 43) — brought home to the RP
  • Fraud = dishonesty, not negligence; timing (before/at registration)
  • The fraud spectrum — careless → wilful blindness → actual knowledge
  • The in personam exception — the RP's own known cause of action
  • Overriding statutes
05

Priority Disputes

First in time · the four general-law rules · postponing conduct · caveats · s 43A

When two unregistered interests compete — neither yet on the register — the question is which prevails, and this is the densest problem-solving area in the course.

  • Two priority worlds — general-law (BFPVWN/notice/deeds) vs Torrens (caveats/s 43A)
  • Characterise each interest (legal/equitable + type) and fix the chronology
  • The four general-law rules (nemo dat; deeds-negligence; BFPVWN; equal-equities)
  • Postponing conduct — arming another with the indicia of title (Heid v Reliance Finance)
  • Equitable vs equitable — first in time unless the equities are unequal (Rice v Rice)
  • Failure to caveat and the caveat regime
06

Leases

Lease vs licence · exclusive possession · certainty of term · covenants & remedies

A lease is a proprietary interest in land; a licence is only a personal contractual permission. The legal question is almost always the same: did the grantee get a right of exclusive possession for a certain term?

  • Lease vs licence — exclusive possession is the touchstone (Radaich v Smith)
  • Certainty of duration — an uncertain maximum term is void (Lace v Chantler)
  • Substance over form — the label does not control
  • Lease forms: deed lease (CA s 23B) → equitable lease (Walsh v Lonsdale)
  • Short parol lease (s 23D(2)) and the implied periodic tenancy (s 127)
  • The position under Torrens — short-lease exception to indefeasibility
07

Mortgages

Security not transfer (s 57) · the power of sale · the sale duty · Forsyth v Blundell

A Torrens mortgage is a statutory charge, not a transfer (RPA s 57(1)): unlike the old common-law mortgage by conveyance, it “has effect as a security but does not operate as a transfer of the land”.

  • The Torrens mortgage — security, not a transfer (RPA s 57(1))
  • The mortgagor stays the registered proprietor; the equity of redemption
  • The power of sale (RPA ss 58–59) and the discharge of the mortgage on the buyer's registration
  • The sale duty — good faith and a proper price (Forsyth v Blundell)
  • Breach of the sale duty sounds in damages, not the land back (CA s 111A(4))
  • Mortgages inside a priority / power-of-sale problem — analyse by stage of the conveyance
08

Easements and Covenants

The four Re Ellenborough Park characteristics · creation · co-ownership: JT, TIC & severance

An easement is a proprietary right that one parcel of land enjoys over a neighbouring parcel — a right of way, drainage or light.

  • What an easement is — an incorporeal right of one parcel over another
  • The four Re Ellenborough Park characteristics (in order)
  • The 'accommodates the land not the person' and 'no exclusive possession' traps
  • Creation — express grant/reservation, implication (Wheeldon v Burrows), statute, prescription
  • Easements on the folio and indefeasibility (Bursill; Mercantile Credits)
  • Co-ownership — joint tenancy (four unities + survivorship) vs tenancy in common
09

Native Title

Mabo (No 2) · Wik coexistence · Yorta Yorta continuity · the Native Title Act 1993 (Cth)

Native title is the course's colonial-law frame and a likely essay or part-of-exam theme (the subject carries a content warning on dispossession).

  • Mabo (No 2) — rejection of terra nullius and recognition of native title
  • Radical title, traditional laws & customs, fragility (extinguishment), inalienability
  • Wik — coexistence with a pastoral lease and the inconsistency test
  • Yorta Yorta — the continuity requirement
  • Ward — partial extinguishment
  • Timber Creek — compensation

The subject runs on one answer spine: characterise the interest → order the parties in time → pick the rule → apply, with every step welded to a leading case and the correct NSW section (RPA 1900; Conveyancing Act 1919).

The final exam is 60% of your grade and carries a non-redeemable 50% hurdle — you must score at least 50% on the exam itself to pass the subject, so a strong research project cannot rescue a weak exam. This guide teaches each doctrine to exam standard: the test in elements, the case that owns it, and the section that pins it.

Worked example · free

The Torrens indefeasibility chain — the signature exam move, step by step

Q [6 marks]. A forger transfers Owen's land to Bianca, who buys for value and is registered as proprietor. Owen now sues to recover his land. Advise whether Bianca's registered title is indefeasible, and how you would run the analysis.
  • +1Name the world. Identify this as a challenge to a registered proprietor's title — so it is resolved by indefeasibility (s 42), not by the unregistered-interest priority rules. Naming which Torrens dispute you are in is the first mark.
  • +1Start from s 42. Under the Real Property Act 1900 (NSW) s 42 the registered proprietor's title is paramount — title is acquired by registration (Breskvar v Wall): registration cures defects.
  • +2Apply immediate indefeasibility. Australia follows immediate indefeasibility (Frazer v Walker; Breskvar v Wall), so even a void / forged instrument, once registered, confers good title on Bianca. Notice of a defect is not a flaw (s 43).
  • +1Only now test the exceptions. Ask whether any exception bites — fraud brought home to the RP, the in personam exception, an overriding statute, or (in NSW, the volunteer position via s 118). Here Bianca bought for value and is innocent of the forgery, so no exception is made out.
  • +1Conclude and remedy. Bianca's title is indefeasible; Owen cannot recover the land from her. Owen's remedy is against the forger and, where the loss flows from the system's operation, statutory compensation from the assurance fund — not recovery of the land.
Bianca's registered title is indefeasible. This is a challenge to a registered proprietor, so it is governed by s 42 immediate indefeasibility (Frazer v Walker; Breskvar v Wall): a forged instrument, once registered, confers good title, and notice is not a defect (s 43). No exception (fraud, in personam, overriding statute, s 118 volunteer) applies to an innocent purchaser for value, so Owen cannot recover the land — his remedy lies against the forger and in statutory compensation.
Sia tip — The most common slip is jumping to the exceptions before establishing the prima facie indefeasible title under s 42. Always run it in order: name the world → s 42 paramountcy → immediate indefeasibility → then exceptions. And keep the two Torrens disputes apart — a registered-title challenge (indefeasibility) is a different machine from a contest between unregistered interests (priorities / s 43A).
Glossary

Key terms

Indefeasibility
The immunity a registered proprietor's title has from adverse claims under RPA s 42. In NSW (and Australia generally) it is immediate: a void or forged instrument, once registered, still confers good title (Frazer v Walker; Breskvar v Wall), subject only to the listed exceptions.
Legal vs equitable interest
A legal interest needs the right formality (an assurance by deed, CA s 23B); an equitable interest arises without it — from a specifically-enforceable agreement (Walsh v Lonsdale) or a trust. The distinction drives every priority dispute, because equity binds everyone except a bona fide purchaser of the legal estate for value without notice.
Fixture
A chattel that has become part of the land. Resolved by the fixtures test: the degree of annexation sets the presumption and the onus (Holland v Hodgson; Coroneo), but the object/purpose of annexation is decisive (Agripower) — was the thing attached for its own better enjoyment as a chattel, or for the permanent improvement of the land?
Postponing conduct
Conduct by the holder of an earlier interest that causes it to lose its “first in time” priority to a later interest — for example arming another with the indicia of title, or failing to caveat where that omission misleads (Rice v Rice; Heid v Reliance Finance). It is the key exception to first-in-time in a priority dispute.
Native title
Rights and interests in land and waters held under the traditional laws and customs of Aboriginal and Torres Strait Islander peoples, recognised by the common law (Mabo (No 2)), surviving the Crown's radical title until validly extinguished, inalienable except to the Crown, and now regulated by the Native Title Act 1993 (Cth).
FAQ

LAWS2204 FAQ

Is LAWS2204 hard?

It is doctrine-dense rather than conceptually tricky: the difficulty is holding a large number of tests, cases and NSW sections and deploying the right one at speed under exam pressure. The hardest single block is the Torrens core (indefeasibility, exceptions, priorities) — it carries the most teaching time and the most problem questions, so it is where the 50% hurdle is won or lost.

How is LAWS2204 Property assessed?

Two pieces: a research project worth 40% (a 2,000-word essay or a 10-minute podcast on one topic from a teaching-team set list, due around late March) and a final exam worth 60%. The exam carries a non-redeemable 50% hurdle — you must score at least 50% on the exam itself (not just 50% overall) to pass, so a strong project cannot rescue a sub-50% exam.

Confirm this year's exact dates and exam conditions on your own Class Summary.

Is the LAWS2204 exam open or closed book?

The Class Summary states the exam format only as “to be advised before the end of classes” and does not confirm open- or closed-book in advance. The safe play is to know the doctrine cold either way and to confirm your own exam conditions (open vs closed book, permitted materials) on your Class Summary before you rely on anything in the room.

What is on the LAWS2204 final exam?

Multi-party “advise the client” problem questions that span several topics at once: characterising interests (legal/equitable, lease/licence, fixture/chattel), Torrens indefeasibility and its exceptions, priority disputes between unregistered interests (first in time, postponing conduct, s 43A), leases, mortgages and easements. The Torrens core is the densest and highest-leverage block.

Is using AskSia for LAWS2204 cheating?

No. AskSia is a study reference written in our own words — we host none of your lecturer's files, the cases and statutes here are public law stated plainly, and Sia teaches you the method to earn the marks; it does not complete or sit your assessments. This is a study companion, not legal advice.

Chapter questions

Questions students ask in each LAWS2204 chapter

What's the difference between a fixture and a chattel, and why does it matter?
A fixture is a chattel that has become part of the land, so it passes with the land on sale and cannot be removed by a departing tenant; a chattel remains personal property. The test runs in order: the degree of annexation sets a presumption and fixes the onus (resting by its own weight = prima facie chattel; fixed by more than its weight = prima facie fixture, Holland v Hodgson; Coroneo), but the object or purpose of annexation is decisive (Agripower) — was the thing attached for its own better enjoyment as a chattel, or for the permanent improvement of the land? Chapter 01 · Concepts of Property
What is the difference between a legal and an equitable interest in land?
A legal interest is created with the required formality — for most interests, an assurance by deed (CA s 23B). An equitable interest arises without that formality, from a specifically-enforceable agreement (Walsh v Lonsdale) or a trust. The practical difference is in priority disputes: an equitable interest is defeated by a bona fide purchaser of the legal estate for value without notice, whereas a legal interest is harder to displace. Chapter 02 · Estates and Interests in Land
What does it mean that the Torrens system gives 'title by registration'?
It means title is acquired by the act of registration itself, not merely recorded after a valid transfer (Breskvar v Wall). The practical effect is that registration cures defects in the underlying instrument: even a void or forged transfer, once registered, confers a good title on the registered proprietor under s 42, subject only to the statutory exceptions. Chapter 03 · The Torrens System
Does knowing about an earlier unregistered interest make a registered title fraudulent?
No — mere notice is expressly not a defect (RPA s 43). To defeat indefeasibility for fraud you must show dishonesty brought home to the registered proprietor (Assets Co v Mere Roihi), which means pushing the conduct past carelessness, at least to wilful blindness, or showing a dishonest repudiation of an acknowledged prior interest (Bahr v Nicolay (No 2)). Knowledge alone, without a dishonest act, leaves the registered title intact. Chapter 04 · Exceptions to Indefeasibility
What is the basic rule for ranking competing unregistered interests?
Start with first in time: the interest created earlier prevails. But this is only the starting point. For competing equitable interests it applies only where the equities are equal (Rice v Rice), and in every case the earlier interest can be postponed if its holder engaged in conduct — such as arming another with the title documents or failing to caveat — that enabled or misled the later party (Heid v Reliance Finance). Chapter 05 · Priority Disputes
What is the difference between a lease and a licence, and how do I tell them apart?
A lease is a proprietary interest that binds third parties; a licence is only a personal permission. The decisive test is whether the grantee has a right of exclusive possession for a certain term (Radaich v Smith; Lace v Chantler). If they do, it is a lease however the document is labelled — substance prevails over form, so a paper headed “Licence” that in fact grants exclusive possession is still a lease. Chapter 06 · Leases
Does a mortgage transfer the land to the lender?
Not under Torrens. RPA s 57(1) provides that a mortgage “has effect as a security but does not operate as a transfer of the land” — it is a statutory charge. So the mortgagor remains the registered proprietor and keeps the equity of redemption (the right to redeem on payment); the mortgagee holds a registered charge with statutory remedies, not ownership of the land. Chapter 07 · Mortgages
What are the four characteristics of a valid easement?
From Re Ellenborough Park: (1) there must be a dominant and a servient tenement (no easement in gross); (2) the easement must accommodate — benefit — the dominant tenement as land, not the owner personally; (3) the two tenements must be owned or occupied by different persons (diversity); and (4) the right must be capable of forming the subject-matter of a grant (definite, and not amounting to exclusive possession of the servient land). Run them in order in a problem. Chapter 08 · Easements and Covenants
What did Mabo (No 2) actually decide?
It rejected the doctrine of terra nullius as the basis for acquiring the land and held that the common law of Australia recognises native title — rights and interests in land and waters held under traditional laws and customs. Native title survives the Crown's acquisition of radical (underlying) title until validly extinguished, its content is set by the relevant group's traditional laws and customs, and it is inalienable except to the Crown. Chapter 09 · Native Title
Study strategy

How to study for the exam

Because the exam is a 60% piece with a non-redeemable 50% hurdle, breadth of competence beats depth in one topic — you cannot afford a blank topic. Drill the Torrens core first (indefeasibility → exceptions → priorities): it carries the most slide-time and the most problem questions.

Master the two priority systems as separate machines — general-law (BFPVWN, notice, deeds) vs Torrens (caveats, s 43A, postponing conduct) — and decide which conveyancing world you are in before you pick a rule. Get the NSW section numbers exact; wrong-jurisdiction numbers signal you have not learned the statute.

In every problem, run the answer spine — characterise → sequence → pick the rule → apply — and spend marks on application, welding each step to a named case and the correct section.

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