5Minister may protect land with caveat

5 Minister may protect land with caveat

(1)  In this section –

Recorder has the same meaning as in the Land Titles Act 1980 .

(2)  If the Minister considers it appropriate in the circumstances, the Minister may cause a notification to be lodged with the Recorder, in a form approved by the Recorder, stating that the disposal of the land specified in the notification is affected by this Act.

(3)  A notification lodged with the Recorder under subsection (2)  –

(a) operates as a caveat lodged under the Land Titles Act 1980 forbidding the University from disposing of the land other than in accordance with this Act; and

(b) remains in force until whichever of the following first occurs:

(i) the University provides the Recorder with evidence, to the satisfaction of the Recorder, that the proposed disposal of the land has been approved as required under this Act;

(ii) the Minister lodges a notification with the Recorder, in a form approved by the Recorder, stating that the notification lodged with the Recorder under subsection (2) is withdrawn.

(4)  Sections 133(3)(b) and 136 of the Land Titles Act 1980 do not apply to a notification lodged with the Recorder under subsection (2) .

(5)  No fee is payable under the Land Titles Act 1980 in respect of a notification of the Minister lodged with the Recorder under this section.