PRIVATE HEALTH INSURANCE (TRANSITIONAL PROVISIONS AND CONSEQUENTIAL AMENDMENTS) ACT 2007

PART 6 - TRANSITIONAL PROVISIONS RELATING TO CHAPTER 6 OF THE NEW ACT  

Division 1 - Private Health Insurance Ombudsman  

Subdivision B - Assets, liabilities and legal proceedings  

SECTION 31   CERTIFICATES RELATING TO VESTING OF ASSETS OTHER THAN LAND  

(1)    
This section applies if:


(a) any asset other than land vests in the Commonwealth under this Division; 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 the Commonwealth under this Division.
Note:

Certificates under paragraph (1)(b) are presumed to be authentic: see section 42 .


(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 Schedule.




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