(1) Notwithstanding any enactment or rule of law to the contrary, the Registrar shall not be bound to issue any certificate of title upon a Warrant, or to embody in the provisional register as a folium thereof any certificate under the hand of the Commissioner of Crown Lands to the effect that any purchase money has been paid, or to register any lease or licence issued under the Land Act 1948, or any other Act, or to register any vesting of any estate or interest in any person whomsoever under a statute which does not expressly direct that the estate or interest shall vest free from all encumbrances, restrictions, liens, and interests, unless and until he is informed under the hand of the Commissioner of Crown Lands, or until he is reasonably satisfied, either,—
(a) That on the said date (as defined by the special Act) no caveat was noted and no interest of any kind was registered in the old register or under the Deeds Registration Act 1908, as the case may be, affecting the land comprised in such Warrant, certificate under the hand of the Commissioner of Crown Lands, lease, or licence, or statute, as the case may be; or
(b) If a caveat had been noted or an instrument had existed on the said date, then that such interest or caveat has been reregistered or disclosed in writing to the Registrar in such a manner as to enable him to bring forward a memorial of it, or that it has been otherwise protected in accordance with the provisions of this Act or the special Act.
(2) The Registrar on being satisfied of the existence of such a caveat or interest on the said date shall bring forward a memorial thereof on any certificate of title, provisional register, lease, or licence, which he shall issue or register.
In subsection (1) the reference to the Land Act 1948 was substituted, as from 1 April 1949, for references to the Land Act 1924 and the Land for Settlements Act 1925 by section 185(1) Land Act 1948 (1948 No 64).