Registration of charge
1143 Registration of charge
If real assets are subject to a charge under section 1138, the Secretary may lodge a notice in writing of the charge with the appropriate officer of the State or Territory in which the real assets are situated.
The appropriate officer may register the charge as if the Secretary’s notice were an instrument of charge or encumbrance duly executed under the laws in force in the State or Territory.
The Secretary may require the person whose real assets are subject to the charge to execute an instrument relating to the registration of the charge.
If the Commonwealth incurs costs associated with:
the registration of the charge; or
the registration of the discharge of the charge;
those costs are payable by the person whose real assets are subject to the charge.
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