South Australian Consolidated Acts South Australian Consolidated Acts8—Correction, amendment and cancellation of entries
(1) The Registrar may
correct any particulars that have been incorrectly entered in the register.
(2) Where a change
occurs in circumstances to which a particular entered in the register relates,
the Registrar may amend the entry to accord with that change.
(3) Where it appears
to the Registrar that—
(a) an
entry in the register should not have been made either because the interest to
which it relates does not exist, or is not registrable under this Act; or
(b) a
security interest entered in the register has been discharged,
the Registrar may, subject to this section, cancel the registration of the
security interest.
(4) Before the
Registrar cancels the registration of a security interest under
subsection (3), the Registrar must, by notice in writing sent by post to
the person entered in the register as the holder of the security interest,
require that person to show cause within 14 days after the date of the notice
why registration of that security interest should not be cancelled.
(5) Where a person
fails to show cause as required by a notice under subsection (4), the
Registrar may give that person notice that the Registrar proposes to cancel
registration of the security interest.
(6) Within 7 days
after receipt of a notice under subsection (5) the person may apply to
the Court for a review of the Registrar's decision.
(7) The Registrar may
cancel registration of the security interest—
(a) if
no application to the Court is made within the time allowed under
subsection (6); or
(b) if
an application to the Court is made and—
(i)
the Court confirms the Registrar's decision; or
(ii)
the application is subsequently withdrawn or struck out.