349Notice to caveat holder

349 Notice to caveat holder

349 Notice to caveat holder

(1) If:

(a) a transfer of a licence or a share in a licence is lodged with the Minister under section 338, and

(b) a caveat is in force on the licence,

the Minister must, subject to subsection (6), notify the caveat holder that the transfer has been lodged for registration.

(2) If:

(a) a dealing in a licence (other than a transfer of the licence or a share in the licence) is lodged with the Minister under section 339, and

(b) a caveat is in force on the licence,

the Minister must, subject to subsection (6), notify the caveat holder that the dealing has been lodged for registration.

(3) If:

(a) a person applies to the Minister under section 340 to be registered as a licence holder, and

(b) a caveat is in force on the licence,

the Minister must notify the caveat holder that the application has been made.

(4) If:

(a) a licence holder surrenders the licence or surrenders a block or some of the blocks covered by the licence, and

(b) a caveat is in force on the licence,

the Minister must notify the caveat holder of the surrender.

(5) Notification under subsection (1), (2), (3) or (4) must be by certified mail.

(6) Notice is not to be given under subsection (1) or (2) if:

(a) the caveat holder is a party to the transfer or dealing concerned, or

(b) the caveat holder has specified the class of dealings the caveat holder wants to receive notice of (see section 343 (2)) and the transfer or dealing falls outside that class.