Commonwealth Consolidated Acts Commonwealth Consolidated ActsWhere:
(a) an asset (other than an asset to which section 119, 120 or 121 applies) becomes, under this Division, an asset of a newly registered organisation; and
(b) a certificate that:
(i) is signed by an authorised person; and
(ii) identifies the asset; and
(iii) states that the asset has, under this Division, become an asset of the newly registered organisation;
is given to the person or authority who has, under Commonwealth, State or Territory law, responsibility for keeping a register in relation to assets of that kind;
the person or authority may:
(c) register the matter in the same way as transactions in relation to assets of that kind are registered; and
(d) deal with, and give effect to, the certificate as if the certificate were a proper and appropriate instrument for transactions in relation to assets of that kind.