(1) The Registrar may at any time, upon application by any person interested or of his or her own motion, and after giving the parties affected thereby an opportunity of being heard, order the removal or variation of a restriction.
(2) Upon the application of a proprietor affected by a restriction, and upon notice thereof to the Registrar, the Court may order a restriction to be removed or varied, or make such order as it thinks fit, and may make an order as to costs.