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COMMONWEALTHAct
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s 239H

Certificates relating to vesting of assets other than land etc

In force
Volume 1Parts 1 to 10A (sections 1 to 239W)
Part 10ATransitional matters relating to the Murray‑Darling Basin Commission
Division 2Assets, liabilities and legal proceedings

239H Certificates relating to vesting of assets other than land etc

(1)

This section applies if:

(a)

any transitional asset other than a real property asset vests in the Authority under this Part; and

(b)

there is lodged, with 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, a certificate that:

(i)

is signed by the Minister; and

(ii)

identifies the transitional asset; and

(iii)

states that the transitional asset has become vested in the Authority under this Part.

(2)

The person or authority 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 made under paragraph (1)(b) is not a legislative instrument.

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