registerable interest in land

"registerable interest in land" means any land or any interest in land, including one to which the Strata Titles Act 1985 applies, in respect of which a transfer is capable of being effected under Part Fourteen to the transferor, and which at the time that a statutory vesting of it takes effect had not yet been presented for registration, or if so presented, had not yet been registered in favour of the transferor;
Act 56_65 - NATIONAL LAND CODE
414. Interpretation.