Document ID: chunk:federal_register_of_legislation:C2012C00787:section:65
Version: federal_register_of_legislation:C2012C00787
Segment Type: section
Provision Reference: s 65
Character Range: 46000–46692

65  Transfer of assets

 (1) The Minister may, by written instrument, declare that a specified asset of a CFM body (other than shares in the CFM body) vests in a specified transferee on a specified day without any conveyance, transfer or assignment.

 (2) The declaration has effect accordingly.

 (3) The Minister must as soon as practicable, but no later than 21 days after making the declaration, publish the declaration in the Gazette.

 (4) Any consideration payable for the transfer of an asset under this section is payable to the Commonwealth instead of to the CFM body.

Note: An asset or instrument may be specified by name, by inclusion in a specified class or in any other way.