Document ID: chunk:federal_register_of_legislation:C2015A00065:clause:2_5
Version: federal_register_of_legislation:C2015A00065
Segment Type: clause
Provision Reference: sch 2 cl 5
Character Range: 30598–31239

5  Certificates relating to vesting of assets other than land
(1) This item applies if:
 (a) any asset other than land vests in CSC under this Part; and
 (b) there is lodged with an assets official a certificate that:
 (i) is signed by the Chair; and
 (ii) identifies the asset; and
 (iii) states that the asset has become vested in CSC under this Part.
(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 as are necessary having regard to the effect of this Part.