Document ID: chunk:federal_register_of_legislation:C2024C00828:section:493
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 493
Character Range: 1286705–1287851

493  Approval of dealing

Scope
 (1) This section applies if an application is made for approval of a dealing in so far as it relates to a particular title.

Decision
 (2) The Titles Administrator must:
 (a) approve the dealing; or
 (b) refuse to approve the dealing;
in so far as it relates to that title.
Note: Section 503 limits the power conferred on the Titles Administrator by this section. Section 503 is about approval of a dealing that was entered into before the title came into existence.
 (3) In deciding whether to approve a dealing, the Titles Administrator:
 (a) must have regard to the matters (if any) prescribed by the regulations; and
 (b) may have regard to any other matters the Titles Administrator considers relevant.

Notification of decision
 (4) The Titles Administrator must, by written notice given to the applicant, notify the applicant of the Titles Administrator's decision.

Refusal to approve dealing—notation in Register
 (5) If the Titles Administrator refuses to approve the dealing in so far as it relates to that title, the Titles Administrator must make a notation of the refusal in the relevant Register.