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FINANCIAL SECTOR (TRANSFERS OF BUSINESS) ACT 1999No. 45, 1999 - SECT 39
Certificates in relation to other assets
(1) If:
(a) an asset (other than land or an interest in land) becomes, under
this Act, an asset of a receiving body; 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 APRA officer; and
(ii) identifies the asset; and
(iii) states that the asset has, under this Act, become an asset of the
receiving body;
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.
(2) This section does not affect the operations of the Corporations Law.
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