Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies if:
(a) an asset (other than money) becomes an asset of the industry services body under this Division; and
(b) there is lodged with an assets official a certificate that:
( i ) is signed by the Secretary; and
(ii) identifies the asset; and
(iii) states that the asset has become an asset of the body under this Division.
Note: For the meaning of assets official , see section 4.
(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 as are necessary, having regard to the effect of this Division.
(3) A document that appears to be a certificate under subsection ( 1) is taken to be such a certificate, and to have been properly given, unless the contrary is established.