(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.
Division 4—Transferring employees of dairy corporations Subdivision
A—Preliminary
Commonwealth Numbered Acts