81IRegistrar-General may extinguish a restrictive covenant after application made

#### 81I Registrar-General may extinguish a restrictive covenant after application made 81I Registrar-General may extinguish a restrictive covenant after application made > > (1) This section applies if— > > > > > (a) an application has been made to extinguish a restrictive covenant, and > > > > > (b) notice of that application has been given in accordance with Division 3, and > > > > > (c) the time period specified in that notice has ended, and > > > > > (d) there is no caveat (lodged before or within the relevant time period) still in force prohibiting the granting of an application to extinguish the restrictive covenant. > > > (2) The Registrar-General may grant the application if the Registrar-General is satisfied that the application was properly made, and that the restrictive covenant to which the application relates— > > > > > (a) is a building materials covenant, a fencing covenant or a value of structures covenant, and > > > > > (b) is of a type likely to lose any practical value after 12 years of operation, and > > > > > (c) took effect at least 12 years before the date on which the application was made. > > **s 81I:** Ins 1998 No 31, Sch 1 \[21\].