Commonwealth Consolidated Acts Commonwealth Consolidated ActsA caveat entered in the relevant register in respect of a ship or a share in a ship shall, unless an order to the contrary is made by the Supreme Court of a State or a Territory and served on the Registrar, be deemed to have lapsed upon the expiration of 14 days after notice is given to the caveator that:
(a) if the caveat relates to a ship--the person or each person entered in the relevant register as an owner or part - owner of the ship or a person having a right to register a dealing with the ship; or
(b) if the caveat relates to a share in the ship--the person or each person entered in the relevant register as an owner or part - owner of the share or a person having a right to register a dealing with the share;
has applied for the registration of any dealing with the ship or share.