125Registration of other dealings

125 Registration of other dealings (1) This section applies in relation to an agreement, arrangement, mortgage or dealing (a general dealing) relating to a mineral rights interest that is not a transfer or devolution of the interest. (2) A person may apply in the approved form to the Minister for registration of a general dealing. (3) The Minister must register the general dealing unless satisfied there are circumstances why he or she should refuse to do so. (4) The registration of the general dealing gives it priority over another general dealing, relating to the same mineral rights interest, that: (a) if registered – was lodged for registration at a later date; or (b) is not registered. (5) However, the priority mentioned in subsection (4) does not apply if the other general dealing: (a) is a charge that is required to be lodged under the Corporations Act 2001, Part 2K.2; or (b) relates to an estate or interest in land (whether freehold or leasehold) registered under the Land Title Act 2000.