Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies if:
(a) an asset becomes an asset of Newco under this Part; and
(b) there is lodged with an assets official a certificate that:
(i) is signed by an authorised person; and
(ii) identifies the asset; and
(iii) states that the asset has, under this Part, become an asset of Newco.
(2) The assets official may:
(a) 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; and
(b) make such entries in the register as are necessary having regard to the effect of section 12.
(3) A document that appears to be a certificate under subsection (1) is taken to be such a certificate and to have been properly given unless the contrary is established.
(4) In this section:
"assets official" means a person or authority who, under the law of the Commonwealth or of a State or Territory, has responsibility for keeping a register in relation to assets of the kind concerned.