s 4

Certificates relating to vesting of assets other than land

In force

(1)

This item applies if:

(a)

any asset other than land vests in the Commonwealth under this Part; 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 this Part.

(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 in relation to assets of that kind; and

(b)

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

(3)

A certificate under paragraph (1)(b) is not a legislative instrument.

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