CORPORATIONS ACT 2001

CHAPTER 5D - LICENSED TRUSTEE COMPANIES  

PART 5D.6 - ASIC-APPROVED TRANSFERS OF ESTATE ASSETS AND LIABILITIES  

Division 3 - Other matters related to the transfer of estate assets and liabilities  

SECTION 601WCC   CERTIFICATES IN RELATION TO OTHER ASSETS  

601WCC(1)   [ Assets kept on a register]  

If:

(a) an asset (other than land or an interest in land) becomes, under this Part, an asset of the receiving company; and

(b) there is lodged with the person or authority who has, under a law of the Commonwealth, a State or a Territory, responsibility for keeping a register in respect of assets of that kind a certificate that:

(i) is signed by an authorised ASIC officer; and

(ii) identifies the asset; and

(iii) states that the asset has, under this Part, become an asset of the receiving company;

that person or authority may:

(c) register the matter in the same manner as transactions in relation to assets of that kind are registered; and

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

601WCC(2)   [ Section does not affect other provisions]  

This section does not affect the operation of:

(a) other provisions of this Act; or

(b) if the regulations prescribe provisions of one or more other Acts - those provisions of those Acts.