The Verification of Authority policy requires legal practitioners, conveyancers and mortgagees to take reasonable steps to verify their clients’ authority to be a party to the instruments authorised by or under a client authorisation.
You must have an interest in the land to lodge a caveat on a property. It is not sufficient to lodge a caveat on a property to seek the recovery of a debt if the debt is unconnected with the land.
Developers that fail to comply with notifying the purchaser may (likely) be subject to substantial penalties. The maximum fine that may be imposed is 100 penalty units ($21,000) for individuals and 500 penalty units ($105,000) for corporations.