33Registration etc. of changing title to assets

33 Registration etc. of changing title to assets

(1) If: (a) an asset vests in the Company or the Commonwealth because of section 7; and (b) a person or authority has power, under a law of the Commonwealth, of a State or of a Territory, to register, record or otherwise give effect to: (i) transactions affecting that kind of asset; or (ii) documents relating to such transactions; the person or authority may do whatever is necessary or desirable to give effect to, or reflect, the vesting (for example, making entries in a register). (2) Without limiting the generality of subsection (1), if: (a) under section 7, land that is situated in a State or Territory, or an interest in such land, vests in the Company; and (b) there is lodged with the Registrar of Titles or other proper officer of the State or Territory in which the land is situated a certificate that: (i) is signed by an authorised person; and (ii) identifies the land or interest, whether by reference to a map or otherwise; and (iii) states that the land or interest is, under section 7, vested in the Company; the officer with whom the certificate is lodged may: (c) register the matter in the same way as dealings in land or interests in land of that kind are registered; and (d) deal with, and give effect to, the certificate.