Document ID: chunk:federal_register_of_legislation:C2024C00673:section:47c
Version: federal_register_of_legislation:C2024C00673
Segment Type: section
Provision Reference: s 47C
Character Range: 78429–79251

47C  When caveat to lapse
  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.