Document ID: chunk:federal_register_of_legislation:C2008A00139:clause:1_239h
Version: federal_register_of_legislation:C2008A00139
Segment Type: clause
Provision Reference: sch 1 cl 239H
Character Range: 59094–60109

239H  Certificates relating to vesting of assets other than land etc.

 (1) This section applies if:
 (a) any transitional asset other than a real property asset vests in the Authority under this Part; and
 (b) there 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 the kind concerned, a certificate that:
 (i) is signed by the Minister; and
 (ii) identifies the transitional asset; and
 (iii) states that the transitional asset has become vested in the Authority under this Part.

 (2) The person or authority 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.

 (3) A certificate made under paragraph (1)(b) is not a legislative instrument.