Document ID: chunk:federal_register_of_legislation:C2006A00007:clause:2_4
Version: federal_register_of_legislation:C2006A00007
Segment Type: clause
Provision Reference: sch 2 cl 4
Character Range: 8701–9448

4  Certificates relating to vesting of assets other than land

(1) This item applies if:
 (a) any asset other than land vests in the Commonwealth under this Part; 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 the Commonwealth under this Part.

(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.

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