A caveat is effective from the time of lodgment.
A caveat does not prohibit the registration of any matter in relation to the WAL if the matter was lodged for registration before the caveat was lodged.
A WAL dealing is in 'registrable form' if:
- it is in NSW LRS and not uplifted
- requires no material correction, alteration or addition
- is accompanied by an authority to use the WAL certificate for registration purposes if required
- is in the approved form and
- the prescribed fees have been paid.
See Schedule 1A Part 1 Clause 2(2) Water Management Act 2000.
Staff processing information
Where a caveat is connected to an earlier lodged WAL dealing which is not in order for registration the caveat will not prohibit the registration of the earlier lodged dealing. Conversely where a WAL dealing is connected to a caveat , the case must be submitted to the Administrative Officer (Practice) DRD2 for consideration of whether the caveat prohibits the registration of the WAL dealing, and whether the WAL dealing will activate the lapsing notice process.