Commonwealth Consolidated Acts

DAIRY INDUSTRY SERVICE REFORM ACT 2003 - SECT 19

  (1)   This section applies if:

  (a)   an asset vests in Dairy Australia Limited under this Division; 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 Dairy Australia Limited under this Division.

  (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 Division.

  (3)   In this section:

"assets official" means 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.