Victorian Current Acts

FINANCIAL SECTOR REFORM (VICTORIA) ACT 1999 - SECT 14

    (1)     This section applies if—

        (a)     an asset, other than land or an interest in land, becomes, under this Part, an asset of a receiving body; and

        (b)     there is lodged with the entity who has, under the law, responsibility for keeping a register or record relating to assets of that kind a certificate that—

              (i)     is signed by an authorised APRA officer; and

              (ii)     identifies the asset; and

              (iii)     states the asset has, under this Part, become an asset of the receiving body.

    (2)     The entity may—

        (a)     register or record the matter in the same manner as transactions in relation to assets of that kind are registered or recorded; and

        (b)     deal with, and give effect to, the certificate.

    (3)     This section does not affect the operation of the Corporations Law ^[4] .