Financial Sector (Transfer and Restructure) Act 1999
39Certificates in relation to other assets
Start here
Get a plain-English read of 39
Turn the raw legal text into a practical explanation grounded in Financial Sector (Transfer and Restructure) Act 1999.
39 Certificates in relation to other assets
(1) If: (a) an asset (other than land or an interest in land) becomes, under this Act, an asset of a receiving body; and (b) there is lodged with the person or authority who has, under a law of the Commonwealth, a State or a Territory, responsibility for keeping a register 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 Act, become an asset of the receiving body; that person or authority may: (c) register the matter in the same manner as transactions in relation to assets of that kind are registered; and (d) deal with, and give effect to, the certificate. (2) This section does not affect the operations of the Corporations Act 2001.