Document ID: chunk:federal_register_of_legislation:C2006A00051:clause:1_70
Version: federal_register_of_legislation:C2006A00051
Segment Type: clause
Provision Reference: sch 1 cl 70
Character Range: 16621–17433

70  Certificates relating to vesting of assets other than land

(1) This item applies if:
 (a) any asset other than land vests in the Australian Reward Investment Alliance under this Part; and
 (b) there is lodged with an assets official a certificate that:
 (i) is signed by the Chairperson; and
 (ii) identifies the asset; and
 (iii) states that the asset has become vested in the Australian Reward Investment Alliance under this Part.

Note: Certificates under paragraph (1)(b) are presumed to be authentic: see item 85.

(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.