 
          Annual Report 2013-14
        
        
          年報
        
        
          53
        
        
          
            業權註冊
          
        
        
          Title Registration
        
        
          Recent Development
        
        
          Stakeholder Consultation
        
        
          In June 2013, the LTO Steering Committee met to discuss the revised proposal of the Two-Stage Conversion
        
        
          Mechanism.  We also briefed the Heung Yee Kuk and the Consumer Council separately in July and October
        
        
          2013 on the proposal.  The Two-Stage Conversion Mechanism and the rectification and indemnity
        
        
          arrangements will be further revised to address the concerns raised by the stakeholders and the issues
        
        
          identified.
        
        
          Review of LTO and Preparation of LT(A)B
        
        
          Preparation of the LT(A)B is in progress taking into account the changes brought by the latest developments
        
        
          of the conversion proposal and the rectification and indemnity arrangements.  We have also been working
        
        
          closely with other Government departments to address and resolve interface issues between the LTO and
        
        
          the ordinances under their purview.
        
        
          Future Plan
        
        
          We will continue to work closely with stakeholders to finalise the package of proposed amendments to the
        
        
          LTO.  A public consultation will then be launched on the proposed amendments.  Meanwhile, we will
        
        
          continue with the preparatory work for the drafting of the LT(A)B and its subsidiary legislations.