Wheat Export Marketing Amendment Act 2012 (170 of 2012)

Schedule 2   Amendments relating to Wheat Exports Australia

Part 2   Transitional provisions

Division 2   Transfer of assets and liabilities

27   Certificates for vesting of assets other than land

(1) This item applies if:

(a) an asset other than land vests in the Commonwealth under this Division; 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 Division.

(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 in relation to assets of that kind as are necessary, having regard to the effect of this Division.

(3) A certificate made under subitem (1) is not a legislative instrument.