South Australian Current Acts South Australian Current Acts154G—Cessation of priority notice
(1) A priority notice
ceases to have effect if it is withdrawn under section 154E or cancelled
under section 154F.
(2) If the instruments
identified in a priority notice that has not been withdrawn or cancelled are
lodged in accordance with section 154A(4) before the end of the
applicable period following the day on which the notice was lodged, the notice
ceases to have effect when each of those instruments has been registered,
recorded, withdrawn from registration or rejected by the Registrar-General.
(3) If the instruments
identified in a priority notice that has not been withdrawn or cancelled are
not lodged in accordance with section 154A(4) before the end of the
applicable period following the day on which the notice was lodged, the notice
ceases to have effect at the end of that period.
(4) Subsections (1) to
(3) operate subject to any order of the Tribunal under section 221.
(5) For the purposes
of this section, the "applicable period" is—
(a)
60 days; or
(b) if
the Registrar-General has extended the duration of the priority notice under
subsection (6)—90 days.
(6) The
Registrar-General may, on application made by the person who lodged a priority
notice, extend the duration of the notice for 30 days.
(7) However, the
duration of a priority notice may not be extended—
(a) on
an application made after the notice ceases to have effect; or
(b) more
than once.