SHIPPING REGISTRATION ACT 1981 - SECT 47C When caveat to lapse

SHIPPING REGISTRATION ACT 1981 - SECT 47C

    A caveat entered in the relevant register in respect of a ship or a share in a ship shall, unless an order to the contrary is made by the Supreme Court of a State or a Territory and served on the Registrar, be deemed to have lapsed upon the expiration of 14 days after notice is given to the caveator that:

  (a)   if the caveat relates to a ship--the person or each person entered in the relevant register as an owner or part - owner of the ship or a person having a right to register a dealing with the ship; or

  (b)   if the caveat relates to a share in the ship--the person or each person entered in the relevant register as an owner or part - owner of the share or a person having a right to register a dealing with the share;

has applied for the registration of any dealing with the ship or share.