Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 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.

  (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.