Caveat Briefing

Caveat is an instrument that acts as a restriction and warning notice for temporary protection of land for any stakeholder. It is divided into two parts which are Private Caveat and Land Officer Caveat. Its provision is intended to protect the interest of specific parties on a piece land by entering or registering that interest into the Land Register. The registration of land ownership will prevent any business transaction or arrangement involving the piece of land. The matter was among those highlighted in the Caveat briefing at the Work Skill Test and Training Centre, Ministry of Development yesterday morning.

In attendance was Dayang Hajah Norhayati bin Haji Mohd. Yaakub, Deputy Permanent Secretary at the Ministry of Development. In the briefing, Dayang Hajah Farah Filzah binti Haji Said, Land Officer also explained that apart from the Caveat provision, the implementation of provision for purchasing or acquiring land by the government of a foreign country for diplomatic purposes, consular or official government business or for the official residence of a government agent is also enforced. In terms of enforcement, the amendment also authorizes the Land Officer to call the individual, to explain or provide any document or anything in his possession for the purpose of enquiry or investigation. Failure to obey the Land Officer's instruction is liable to a fine of not exceeding five thousand dollars, imprisonment of not more than a year or both.

The briefing was attended by the Board of Valuers and Estate Agents - Bovea, representatives of Brunei Darussalam Law Society, Brunei Associations of Banks and Autoriti Monetari Brunei Darussalam, AMBD and officers of the Ministry of Development and departments under it.

Source: Radio Television Brunei