78Certificates in relation to assets other than land

78 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 65; and (b) there is lodged with an assets official a certificate that: (i) is signed by the Minister, or a person authorised by the Minister, 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 65. (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 65. (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.