(1) If an authorised
officer (as defined in section 103A) is of the opinion that a caveat lodged
under section 122A contains an error or defect, the officer is —
(a) if
satisfied that the error or defect can be corrected, to accept the caveat for
provisional lodgment; or
(b) in
any other case, to reject the caveat and endorse the register accordingly.
(2) The regulations
may provide for the effect to be given to a caveat accepted for provisional
lodgment.
[Section 122B inserted: No. 54 of 1996 s. 18.]