CTHIn ForceAct
Australian National Railways Commission Sale Act 1997
67AZMCertificates in relation to assets other than land
Start here
Get a plain-English read of 67AZM
Turn the raw legal text into a practical explanation grounded in Australian National Railways Commission Sale Act 1997.
##### 67AZM Certificates in relation to assets other than land
(1) This section applies if:
(a) an asset other than land vests in a specified transferee under section 67AE or 67AM; and
(b) there is lodged with an assets official a certificate that:
(i) is signed by the Minister for Finance, or a person authorised by the Minister for Finance, in writing, for the purposes of this section; and
(ii) identifies the asset; and
(iii) states that the asset has become vested in the specified transferee under section 67AE or 67AM, as the case requires.
(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 67AE or 67AM.
(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 the person or authority who, under a law of the Commonwealth, a State or a Territory, has responsibility for keeping a register in relation to assets of the kind concerned.