Western Australian Consolidated Regulations Western Australian Consolidated Regulations (1) Despite
regulations 26 and 27, a person is not entitled to assume a matter
mentioned in regulation 28 if —
(a) the
person has actual knowledge that the assumption would be incorrect; or
(b)
because of the person’s connection or relationship with the IMO, the
person ought to know that the assumption would be incorrect.
(2) If, because of
subregulation (1), a person is not entitled to make a particular
assumption —
(a) if
the assumption is in relation to dealings with the IMO, regulation 26(2)
does not apply to any assertion by the IMO in relation to the assumption; or
(b) if
the assumption is in relation to an acquisition or purported acquisition from
the IMO of title to property, regulation 27(2) does not apply to any
assertion by the IMO or another person in relation to the assumption.