Document ID: chunk:federal_register_of_legislation:C2009C00387:clause:5_20
Version: federal_register_of_legislation:C2009C00387
Segment Type: clause
Provision Reference: sch 5 cl 20
Character Range: 25965–27035

20  Certificates in relation to other assets

(1) This item applies if:
 (a) an asset (other than money) becomes an asset of a prescribed industry body under this Part; and
 (b) there is lodged with an assets official a certificate that:
 (i) is signed by an authorised person; and
 (ii) identifies the asset; and
 (iii) states that the asset has become an asset of the body under this Part.

(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 as are necessary, having regard to the effect of this Part.

(3) A document that appears to be a certificate under subitem (1) is taken to be such a certificate, and to have been properly given, unless the contrary is established.

(4) In this item:

assets official means a person or authority who, under the law of the Commonwealth or of a State or Territory, has responsibility for keeping a register in relation to assets of the kind concerned.