Document ID: chunk:federal_register_of_legislation:C2011C00793:clause:2_719
Version: federal_register_of_legislation:C2011C00793
Segment Type: clause
Provision Reference: sch 2 cl 719
Character Range: 124905–126119

719  Recording Commonwealth ownership of assets and liabilities

(1) This item applies if:
 (a) an asset or liability becomes an asset or liability of the Commonwealth under item 718; and
 (b) a law of the Commonwealth or a State or Territory provides for the registration or recording of interests, or the transfer of interests, in such an asset or liability.

(2) The Minister may give the person responsible for such registration or recording (the registration official) a certificate that:
 (a) is signed by the Minister; and
 (b) identifies the asset or liability; and
 (c) states that, under item 718, the asset or liability has become an asset or liability of the Commonwealth.

(3) The registration 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 or liabilities of that kind; and
 (b) make such entries in the register or record as are necessary having regard to the effect of this Part.

(4) A document that appears to be a certificate given in accordance with subitem (2):
 (a) is taken to be such a certificate; and
 (b) is taken to have been properly given;
unless the contrary is established.