Document ID: chunk:federal_register_of_legislation:C2024C00828:section:498
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 498
Character Range: 1291353–1292605

498  Provisional application for approval of dealing

Scope
 (1) This section applies if:
 (a) 2 or more persons enter into a dealing relating to a title that may come into existence in the future; and
 (b) that dealing would, if the title came into existence, become a dealing to which Part 4.6 applies.

Provisional application—dealing relates to only one title
 (2) If the dealing relates to only one title that may come into existence in the future, a party to the dealing may make a provisional application to the Titles Administrator for approval of the dealing.

Provisional application—dealing relates to 2 or more titles
 (3) If the dealing relates to 2 or more titles that may come into existence in the future, a party to the dealing may make a separate provisional application to the Titles Administrator for approval of the dealing in relation to each title that may come into existence in the future.

Applications must be made in approved manner
 (4) An application must be made in an approved manner.
Note: Section 516A requires the application to be accompanied by an application fee.
 (5) The Titles Administrator must publish on the Titles Administrator's website a copy of the instrument of approval referred to in subsection (4).