Commonwealth Consolidated Acts Commonwealth Consolidated ActsGazette notice by authorised person
(1) An authorised person may, by notice in the Gazette , specify:
(a) an MSP easement; and
(b) a transfer type for the easement, being either a full transfer or half transfer; and
(c) one or 2 transferees in the case of a full transfer, or one transferee in the case of a half transfer; and
(d) the transfer day for the easement.
Full transfer
(2) If the notice specifies a full transfer, then the MSP easement specified in the notice:
(a) ceases to be an asset of the Commonwealth; and
(b) becomes an asset of the transferee or, in the case of 2 transferees, becomes an asset of the transferees as tenants in common in equal shares.
Half transfer
(3) If the notice specifies a half transfer, then the MSP easement specified in the notice:
(a) ceases to be an asset of the Commonwealth; and
(b) becomes an asset of the transferee and the Commonwealth as tenants in common in equal shares.
When transfer happens etc.
(4) A change in the ownership of an MSP easement under this section happens:
(a) at the beginning of the transfer day; and
(b) by force of this section.
Commonwealth may receive payment for transfer
(5) The Commonwealth may receive a payment for a change of ownership under this section.
Multiple easements in same Gazette notice
(6) A single notice under subsection (1) may cover more than one MSP easement, in which case this section applies separately to each of the easements covered by the notice.