Document ID: chunk:federal_register_of_legislation:C2016C00156:clause:1_12
Version: federal_register_of_legislation:C2016C00156
Segment Type: clause
Provision Reference: sch 1 cl 12
Character Range: 9498–10425

12  Certificates relating to vesting of assets other than land
(1) If an asset other than land vests in the Commonwealth under this Division and the Minister signs a certificate that:
 (a) identifies the asset; and
 (b) states that the asset has become vested in the Commonwealth under this Division; and
 (c) is lodged with the person or authority who, under a law of the Commonwealth, a State or a Territory, under a trust instrument or otherwise, has responsibility for keeping a register in relation to assets of that kind;
the person or authority may:
 (d) 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
 (e) make such entries in the register as are necessary, having regard to the effect of this Division.
(2) A certificate under subitem (1) is not a legislative instrument.

Division 3—Transfer of other matters