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.


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