"Once a title holder is registered under the Torrens system they will acquire what has been described as an 'indefeasible' title. Indefeasibility...refers to the fact that the...holder acquires a conclusive and secure title subject only to other interests registered on that title, statutory fraud and other...exceptions" (Hepburn, 11.6).

Discuss this statement. In your answer, you should:

• Describe the process of registration of title anditslegaloutcomes.
• Statethe consequences of registration.
• Identify and discuss theexceptions to indefeasibility of title and the limits to those exceptions.