Victorian Numbered Acts Victorian Numbered Acts(1) In section 106 of the Transfer of Land Act 1958 —
(a) for paragraph (a) substitute —
"(a) may record a caveat on behalf of the Crown, a minor or a person of unsound mind—
(i) to prohibit any transfer or dealing with any land registered in the name of that person; or
(ii) to prohibit dealing with any land in any case in which it appears that an error has been made by misdescription of that land or otherwise in any folio or folios of the Register; or
(iii) for the prevention of any fraud or improper dealing;";
(b) in paragraph (d), for "the Court" substitute "a court";
(c) in paragraph (e), for "Act." substitute "Act;"
(d) after paragraph (e) insert —
"(f) may take any other step necessary to protect the operation, effectiveness and integrity of the Register, including, but not limited to, the making of a notation on a folio of the Register.".
(2) At the end of section 106 of the Transfer of Land Act 1958 insert —
"(2) The Registrar must not record in the Register a dealing with a folio on which a caveat has been recorded under subsection (1)(a) unless the Registrar is satisfied that the dealing is compatible with the purpose for which the caveat was recorded.
(3) The Registrar may remove a caveat recorded under subsection (1)(a) if the Registrar is satisfied that the caveat is no longer required for the purpose for which it was recorded.".