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SHIPPING REGISTRATION ACT 1981 - SECT 47E Compensation for lodging caveat without reasonable cause

SHIPPING REGISTRATION ACT 1981 - SECT 47E

Compensation for lodging caveat without reasonable cause

    A person who lodges a caveat with the Registrar without reasonable cause is liable to pay to a person who has sustained damage thereby such compensation as is just and the compensation is recoverable in an action in a court of competent jurisdiction by the person who has sustained damage from the person who lodged the caveat.