Western Australian Current Acts Western Australian Current Acts (1) Where prescribed
securities are by virtue of this Act vested in the continuing bank, the
continuing savings bank or National Nominees Limited, a certificate signed by
a Managing Director of the continuing bank, or by an officer acting under
delegation from him, stating that the prescribed securities have so vested
shall, notwithstanding any other Act or law or the provisions of any
instrument, be deemed to be a sufficient duly stamped instrument of transfer
of those prescribed securities.
(2) Subsection (1)
applies only to and in respect of prescribed securities —
(a)
which, when vested in the continuing bank or the continuing savings bank, will
be held by way of security; or
(b)
which are vested in National Nominees Limited by the operation of section 12.