s 32 Nature and effect
(1) A notice is an entry in the register in respect of the burden of an interest affecting a registered estate or charge. (2) The entry of a notice is to be made in relation to the registered estate or charge affected by the interest concerned. (3) The fact that an interest is the subject of a notice does not necessarily mean that the interest is valid, but does mean that the priority of the interest, if valid, is protected for the purposes of sections 29 and 30.