10.3(1)Subject to subsection 5(9) of the Act and to subsection (2), when real property that continued to be registered in the program at the end of 1997 by operation of paragraph 7.1(1)(a) or that was registered under the program after 1997 is subdivided into two or more parcels, the real property shall be deregistered and all the deferred taxes are due and payable.