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COMMONWEALTHAct
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s 5

Certificates concerning assets other than land

In force

5 Certificates concerning assets other than land

(1)

This item applies if:

(a)

an asset other than land vests in the Commonwealth under item 3; and

(b)

there is lodged with an assets official a certificate that:

(i)

is signed by the Minister; and

(ii)

identifies the asset; and

(iii)

states that the asset has become vested in the Commonwealth under item 3.

(2)

The assets official may:

(a)

deal with, and give effect to, the certificate as if it were a proper and appropriate instrument for transactions concerning assets of that kind; and

(b)

make such entries in the register as are necessary having regard to the effect of this Schedule.

(3)

A document that appears to be a certificate under subitem (1) is to be taken to be such a certificate, and to have been properly given, unless the contrary is established.

(4)

In this item:

assets official means the person or authority who, under a law of the Commonwealth, a State or a Territory, under a trust instrument or otherwise, has responsibility for keeping a register in relation to assets of the kind concerned.

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