Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.3B - CRISIS RESOLUTION FOR CS FACILITY LICENSEES  

Division 4 - Compulsory transfer of business or shares  

Subdivision C - Other matters  

SECTION 839C  

839C   CERTIFICATES IN RELATION TO LAND AND INTERESTS IN LAND  

If:

(a)    a body corporate (the receiving body ) becomes, under this Division, the owner of land, or of an interest in land, that is situated in a State or Territory; and

(b)    there is lodged with the Registrar of Titles or other appropriate officer of the State or Territory in which the land is situated a certificate that:

(i) is issued by the Reserve Bank; and

(ii) identifies the land or interest; and

(iii) states that the receiving body has, under this Division, become the owner of that land or interest;

the officer with whom the certificate is lodged may:

(c)    register the matter in the same manner as dealings in land or interests in land of that kind are registered; and

(d)    deal with, and give effect to, the certificate.