While a memorial of a covenant or agreement remains registered under section 30B, each owner and occupier of the land to which the covenant or agreement relates shall ¾

(a) before agreeing with another person in writing that the other person will succeed him in the ownership or occupation or both, as the case requires, of that land notify the other person in writing of the content of the covenant or agreement and of the fact that the covenant or agreement will be binding on the other person if the other person succeeds him in that ownership or occupation or both; and

(b) within a period of 14 days after the day on which he ceases to be such an owner or occupier, notify the Commissioner in writing of that cessation and of the name and address of each person who succeeds him in the ownership or occupation or both, as the case requires, of that land.

Penalty ¾ $2 000.

[Section 30D inserted by No. 91 of 1990 s. 9.]