(1) A person claiming a legal or equitable interest in an authority may lodge
with the Secretary a caveat, accompanied by the lodgment fee prescribed by the
regulations, directing the Secretary not to register any transfer of the
authority otherwise than in accordance with the provisions of the caveat.
(2)
Unless sooner withdrawn, a caveat remains in force for the period of 3 months
from the date on which it is lodged.
(3) While a caveat remains in force, a
transfer of the authority to which it relates may not be registered in
contravention of the provisions of the caveat otherwise than pursuant to an
order of the Supreme Court directing the Secretary to register the transfer.
(4) At the expiration of the period for which a caveat is in force, a transfer
of the authority to which it relates is to be registered unless, before the
expiration of that period, the Secretary is served with an order of the
Supreme Court prohibiting the Secretary from registering the transfer.
