Document ID: chunk:federal_register_of_legislation:C2018C00106:section:173b
Version: federal_register_of_legislation:C2018C00106
Segment Type: section
Provision Reference: s 173B
Character Range: 81277–82786

173B  Transfer of MSP easements

Gazette notice by authorised person
 (1) An authorised person may, by notice in the Gazette, specify:
 (a) an MSP easement; and
 (b) a transfer type for the easement, being either a full transfer or half transfer; and
 (c) one or 2 transferees in the case of a full transfer, or one transferee in the case of a half transfer; and
 (d) the transfer day for the easement.

Full transfer
 (2) If the notice specifies a full transfer, then the MSP easement specified in the notice:
 (a) ceases to be an asset of the Commonwealth; and
 (b) becomes an asset of the transferee or, in the case of 2 transferees, becomes an asset of the transferees as tenants in common in equal shares.

Half transfer
 (3) If the notice specifies a half transfer, then the MSP easement specified in the notice:
 (a) ceases to be an asset of the Commonwealth; and
 (b) becomes an asset of the transferee and the Commonwealth as tenants in common in equal shares.

When transfer happens etc.
 (4) A change in the ownership of an MSP easement under this section happens:
 (a) at the beginning of the transfer day; and
 (b) by force of this section.

Commonwealth may receive payment for transfer
 (5) The Commonwealth may receive a payment for a change of ownership under this section.

Multiple easements in same Gazette notice
 (6) A single notice under subsection (1) may cover more than one MSP easement, in which case this section applies separately to each of the easements covered by the notice.