Document ID: chunk:federal_register_of_legislation:C2024C00828:section:479
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 479
Character Range: 1276581–1277883

479  Registration of transfer

Scope
 (1) This section applies if the Titles Administrator approves the transfer of a title.

Endorsement
 (2) The Titles Administrator must immediately endorse a memorandum of approval on the instrument of transfer.
 (3) The Titles Administrator must enter in the relevant Register a memorandum of:
 (a) the transfer; and
 (b) the name of the transferee or of each transferee.
 (4) On the entry in the relevant Register of the memorandum:
 (a) the transfer is taken to be registered; and
 (b) the transferee becomes the registered holder, or the transferees become the registered holders, of the title.
 (5) If the transfer is registered:
 (a) a copy of the instrument of transfer endorsed with the memorandum of approval must be:
 (i) retained by the Titles Administrator; and
 (ii) made available for inspection in accordance with this Chapter; and
 (b) if the instrument of transfer was provided in hard copy—the instrument of transfer endorsed with the memorandum of approval must be returned to the person who applied for approval of the transfer; and
 (c) if the instrument of transfer was provided electronically—a copy of the instrument of transfer endorsed with the memorandum of approval must be given to the person who applied for approval of the transfer.