Document ID: chunk:federal_register_of_legislation:C2004A01041:clause:1b_122
Version: federal_register_of_legislation:C2004A01041
Segment Type: clause
Provision Reference: sch 1B cl 122
Character Range: 174231–175129

122  Certificates in relation to other assets

  Where:
 (a) an asset (other than an asset to which section 119, 120 or 121 applies) becomes, under this Division, an asset of a newly registered organisation; and
 (b) a certificate that:
 (i) is signed by an authorised person; and
 (ii) identifies the asset; and
 (iii) states that the asset has, under this Division, become an asset of the newly registered organisation;
  is given to the person or authority who has, under Commonwealth, State or Territory law, responsibility for keeping a register in relation to assets of that kind;
the person or authority may:
 (c) register the matter in the same way as transactions in relation to assets of that kind are registered; and
 (d) deal with, and give effect to, the certificate as if the certificate were a proper and appropriate instrument for transactions in relation to assets of that kind.