Document ID: chunk:federal_register_of_legislation:C2016C00432:clause:2_5
Version: federal_register_of_legislation:C2016C00432
Segment Type: clause
Provision Reference: sch 2 cl 5
Character Range: 11015–12124

5  Certificates for vesting of assets other than land
(1) This item applies if:
 (a) an asset other than land becomes an asset of Screen Australia, NFSAA or AFTRS under item 2 or 3; 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 Screen Australia, NFSAA or AFTRS under this Act.
(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 Part.
(3) A certificate made under subitem (1) is not a legislative instrument.
(4) In this item:
assets official, in relation to an asset other than land, means 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.