Document ID: chunk:federal_register_of_legislation:C2014C00390:section:53
Version: federal_register_of_legislation:C2014C00390
Segment Type: section
Provision Reference: s 53
Character Range: 54593–56168

53  Registration etc. of changing title to assets
 (1) If:
 (a) an asset vests in the Snowy Hydro Company because of section 10 or an order under section 11 or vests in TransGrid because of an order under section 12; and
 (b) a person or authority has power, under a law of the Commonwealth, of a State or of a Territory, to register, record or otherwise give effect to:
 (i) transactions affecting that kind of asset; or
 (ii) instruments relating to such transactions;
the person or authority may do whatever is necessary or desirable to give effect to, or reflect, the vesting (for example, making entries in a register).
 (2) Without limiting the generality of subsection (1), if:
 (a) land that is situated in a State or Territory, or an interest in such land, vests in the Snowy Hydro Company under section 10 or an order under section 11 or vests in TransGrid under an order under section 12; and
 (b) there is lodged with the Registrar of Titles or other proper officer of the State or Territory in which the land is situated a certificate that:
 (i) is signed by the Minister or an authorised person; and
 (ii) identifies the land or interest, whether by reference to a map or otherwise; and
 (iii) states that the land or interest is vested in the Company under section 10 or 11 or is vested in TransGrid under section 12, as the case may be;
the officer with whom the certificate is lodged may:
 (c) register the matter in the same way as dealings in land or interests in land of that kind are registered; and
 (d) deal with, and give effect to, the certificate.