350Caveat holder may consent to registration

350 Caveat holder may consent to registration

350 Caveat holder may consent to registration

(1) If a caveat holder is given notice under section 349 (1), the caveat holder may consent to the registration of the transfer.

(2) If a caveat holder is given notice under section 349 (2), the caveat holder may consent to the registration of the dealing.

(3) If a caveat holder is given notice under section 349 (3), the caveat holder may consent to the registration of the person as a licence holder.

(4) A consent under this section must be in writing and must be lodged with the Minister.

(5) A consent under this section is only effective if it is given within 30 days after the day on which the caveat holder receives the notice concerned.

(6) The Minister must:

(a) register details of the consent, and

(b) endorse details of the consent on the original of the caveat, and

(c) keep the original of the consent.