Document ID: chunk:federal_register_of_legislation:C2016C00828:section:25
Version: federal_register_of_legislation:C2016C00828
Segment Type: section
Provision Reference: s 25
Character Range: 27679–28493

25  Certificates in relation to other assets
 (1) Where:
 (a) an asset (other than an interest in land) becomes, under this Act, an asset of a receiving bank; and
 (b) there is lodged with the person or authority who has, under a law of the Commonwealth, a State or a Territory, responsibility for keeping a register in respect of assets of that kind a certificate that:
 (i) is signed by an authorised person; and
 (ii) identifies the asset; and
 (iii) states that the asset has, under this Act, become an asset of the receiving bank;
that person or authority may:
 (c) register the matter in the same manner as transactions in relation to assets of that kind are registered; and
 (d) deal with, and give effect to, the certificate.
 (2) This section does not affect the operations of the Corporations Act 2001.