Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.3B - CRISIS RESOLUTION FOR CS FACILITY LICENSEES  

Division 4 - Compulsory transfer of business or shares  

Subdivision C - Other matters  

SECTION 839D   CERTIFICATES IN RELATION TO OTHER ASSETS  

839D(1)    
If:

(a)    an asset (other than land or an interest in land) becomes, under this Division, an asset of a body corporate (the receiving body ); and

(b)    there is lodged with the person or authority who has, under a law of the Commonwealth, a State or a Territory, responsibility for keeping a register in respect of assets of that kind a certificate that:

(i) is issued by the Reserve Bank; and

(ii) identifies the asset; and

(iii) states that the asset has, under this Division, become an asset of the receiving body;

that person or authority may:

(c)    register the matter in the same manner as transactions in relation to assets of that kind are registered; and

(d)    deal with, and give effect to, the certificate.

839D(2)    
This section does not affect the operation of:

(a)    other provisions of this Act; or

(b)    if the regulations prescribe provisions of one or more other Acts - those provisions of those Acts.