156Certificate of chief executive officer

156 Certificate of chief executive officer

S. 156(1) amended by No. 65/1995 s. 14(44).

(1) A certificate signed by the chief executive officer certifying that property, rights or liabilities specified in the certificate have been allocated under the allocation statement to a person so specified is, unless revoked under subsection (2), conclusive evidence—

(a) that the property, rights or liabilities have been so allocated; and

(b) that the property, rights or liabilities vested in or became the property, rights or liabilities of the transferee on the relevant date.

(2) If the Treasurer and the Minister so direct the chief executive officer in writing, the chief executive officer must revoke a certificate given under subsection (1) by issuing another certificate or certificates in place of the first certificate.

(3) The chief executive officer—

(a) must keep a register of certificates issued under this section; and

(b) must make the register reasonably available for inspection by a transferee or other interested person.