Document ID: chunk:federal_register_of_legislation:C2011A00020:clause:2_3
Version: federal_register_of_legislation:C2011A00020
Segment Type: clause
Provision Reference: sch 2 cl 3
Character Range: 11127–12133

3  Certificates for vesting of assets
(1) This item applies if:
 (a) a film library asset or other asset becomes an asset of NFSAA under item 2; and
 (b) there is lodged with an assets official a certificate that:
 (i) is signed by the Minister; and
 (ii) identifies the asset; and
 (iii) states that the asset has become vested in NFSAA under this Act.
(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 in relation to assets of that kind as are necessary, having regard to the effect of this Part.
(3) A certificate made under subitem (1) is not a legislative instrument.
(4) In this item:
assets official means the person or authority who, under a law of the Commonwealth, a State or a Territory, or under a trust instrument or otherwise, has responsibility for keeping a register in relation to assets of the kind concerned.