14Certificates in relation to other assets

14 Certificates in relation to other assets

14 Certificates in relation to other assets

(1) 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 person or authority who has, under the law, responsibility for keeping a register or record in respect of assets of that kind a certificate that:

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

(ii) identifies the asset, and

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

that person or authority may:

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

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

(2) This section does not affect the operation of the Corporations Law.