Financial Sector Reform (ACT) Act 1999

This section applies if—

an asset, other than land or an interest in land, becomes, under this part, an asset of a receiving body; and

there is lodged with the entity who has, under the law, responsibility for keeping a register or record relating to assets of that kind a certificate that—

is signed by an authorised APRA officer; and

identifies the asset; and

states the asset has, under this part, become an asset of the receiving body.

The entity may—

register or record the matter in the same way as transactions relating to assets of that kind are registered or recorded; and

deal with, and give effect to, the certificate.

This section does not affect the operation of the Corporations Act.