Certificates in relation to other assets
25 Certificates in relation to other assets
Where:
an asset (other than an interest in land) becomes, under this Act, an asset of a receiving bank; and
there is lodged with the person or authority who has, under a law of the Commonwealth, a State or a Territory, responsibility for keeping a register in respect of assets of that kind a certificate that:
is signed by an authorised person; and
identifies the asset; and
states that the asset has, under this Act, become an asset of the receiving bank;
that person or authority may:
register the matter in the same manner as transactions in relation to assets of that kind are registered; and
deal with, and give effect to, the certificate.
This section does not affect the operations of the Corporations Act 2001.
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