Eamonn O Brien
Registration creates a title... You own the physical property but once registered a title is created by government which they own the legal title to, and you retain the equitable title...
equitable title. (17c) A title that indicates a beneficial interest in property and that gives the holder the right to acquire formal legal title
legal title. (l7c) A title that evidences apparent ownership but does not necessarily signify full and complete title or a beneficial interest