31Certificates in relation to assets other than land

31 Certificates in relation to assets other than land

(1) This section applies if: (a) an asset other than land vests in Tourism Australia under this Part; and (b) there is lodged with an assets official a certificate that: (i) is signed by the Secretary; and (ii) identifies the asset; and (iii) states that the asset has become vested in Tourism Australia under this Part. (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.