Document ID: chunk:federal_register_of_legislation:C2012A00170:clause:2_27
Version: federal_register_of_legislation:C2012A00170
Segment Type: clause
Provision Reference: sch 2 cl 27
Character Range: 30676–31460

27  Certificates for vesting of assets other than land
(1) This item applies if:
 (a) an asset other than land vests in the Commonwealth under this Division; 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 Division.
(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 in relation to assets of that kind as are necessary, having regard to the effect of this Division.
(3) A certificate made under subitem (1) is not a legislative instrument.