Document ID: chunk:federal_register_of_legislation:C2004A01170:clause:2_5
Version: federal_register_of_legislation:C2004A01170
Segment Type: clause
Provision Reference: sch 2 cl 5
Character Range: 7569–8652

5  Certificates concerning assets other than land

(1) This item applies if:
 (a) an asset other than land vests in the Commonwealth under item 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 the Commonwealth under item 3.

(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 concerning assets of that kind; and
 (b) make such entries in the register as are necessary having regard to the effect of this Schedule.

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

(4) In this item:
assets official 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.