Northern Territory Numbered Acts Northern Territory Numbered Acts(1) If, after accepting a caveat, the Minister receives an instrument ( the dealing ) purporting to deal with the mineral title or application to which the caveat relates, the Minister:
(a) must give the caveator a notice of the receipt of the dealing; and
(b) may enter the dealing in the register only after the caveat ceases to have effect in relation to the dealing.
(2) The caveat ceases to have effect in relation to the dealing:
(a) at the end of 30 days after notice is given to the caveator under subsection (1)(a); or
(b) if a notice of continuance of the caveat is accepted under subsection (3)(b) – on acceptance of the notice.
(3) After the caveator receives a notice under subsection (1)(a):
(a) the caveator may lodge with the Minister a notice of the continuation of the caveat; and
(b) the Minister must accept the notice of continuance if the caveator:
(i) lodges the notice before the end of the period mentioned in subsection (2)(a); and
(ii) pays any fee prescribed by regulation for the lodgment.
(4) This section does not apply in relation to a dealing mentioned in section 131 (3).