14Certificates relating to other assets

14 Certificates relating to other assets

(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 that 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 that 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 way as transactions relating 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 operations of the Corporations Law.