Infrastructure Australia Amendment Act 2014 (77 of 2014)

Schedule 2   Transitional and savings provisions

Part 2   Transfer of certain assets and liabilities

5   Certificates relating to vesting of assets other than land

(1) This item applies if:

(a) an asset other than land vests in Infrastructure Australia under this Part; 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 Infrastructure 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 in relation to assets of that kind as are necessary, having regard to the effect of this Schedule.

(3) A certificate under paragraph (1)(b) is not a legislative instrument.