Norfolk Island Legislation Amendment Act 2015 (59 of 2015)

Schedule 2   Final arrangements etc.

Part 2   Transitional provisions

Division 3   Transfer of assets and liabilities

362   Certificates relating to vesting of assets (other than land) in the Norfolk Island Regional Council

(1) This item applies if:

(a) any asset other than land vests in the Norfolk Island Regional Council under item 358; and

(b) there is lodged with an assets official a certificate that:

(i) is signed by the responsible CommonwealthMinister; and

(ii) identifies the asset; and

(iii) states that the asset has become vested in the Norfolk Island Regional Council under this Schedule.

(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 Part.

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