MINERAL AND ENERGY RESOURCES (COMMON PROVISIONS) ACT 2014 No. 47 - SECT 25 25 Lodging of caveat

MINERAL AND ENERGY RESOURCES (COMMON PROVISIONS) ACT 2014 No. 47 - SECT 25

(1) A person claiming an interest in a resource authority may lodge a caveat over the resource authority if the caveat—

(a) complies with the prescribed requirements for it; and

(b) is not a prohibited caveat; and

(c) is accompanied by the fee prescribed by regulation.

(2) On receipt of the caveat, the chief executive must—

(a) record its existence in the register; and

(b) notify each holder of the affected resource authority of the receipt of the caveat; and

(c) notify all other persons who have a registered interest in the resource authority, and any subsisting prior caveator, of the receipt of the caveat.

(3) A caveat has no effect for this Act if—

(a) it does not comply with the prescribed requirements for it; or

(b) it is a prohibited caveat.

(4) In this section—

prohibited caveat means a caveat of a type, prescribed by regulation, that can not be lodged.

registered interest, in a resource authority, means an interest in the resource authority recorded in the register.