Western Australian Current Acts

RIGHTS IN WATER AND IRRIGATION ACT 1914 - SECT 26GZQ

26GZQ .         Security interest notation, removal and variation of

        (1)         If the register contains a notation that a person has a security interest in a licence, the licensee may apply to the CEO in a form approved by the CEO to —

            (a)         remove the notation from the register; or

            (b)         vary any details relating to the security interest.

        (2)         Where an application is made under subsection (1), the CEO —

            (a)         is to give notice of the application to a person noted on the register as having a security interest in the licence; and

            (b)         must not remove the notation of the security interest from the register or vary the details in the register (as the case requires) unless —

                  (i)         each person noted on the register as having a security interest in the licence consents in writing to the CEO doing so; or

                  (ii)         a court authorises or directs the CEO to do so, at the suit of the licensee, a person referred to in subparagraph (i) or some other interested person.

        [Section 26GZQ inserted: No. 49 of 2000 s. 49; amended: No. 38 of 2007 s. 71 and 102.]