147Certificates relating to vesting of assets other than land

147  Certificates relating to vesting of assets other than land

(1) This item applies if:

 (a) any asset other than land vests in the Commonwealth under this Part; and

 (b) there is lodged with an assets official a certificate that:

 (i) is signed by the Minister; and

 (ii) identifies the asset; and

 (iii) states that the asset has become vested in the Commonwealth under this Part.

Note: Certificates under paragraph (1)(b) are presumed to be authentic: see item 154 of this Schedule.

(2) The assets official may:

 (a) deal with, and give effect to, the certificate as if it 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 this Part.