(1) Copyright is personal property and, subject to this section, is transmissible by assignment, by will and by devolution by operation of law.
(2) An assignment of copyright may be limited in any way, including any one or more of the following ways:
(a) so as to apply to one or more of the classes of acts that, by virtue of this Act, the owner of the copyright has the exclusive right to do (including a class of acts that is not separately specified in this Act as being comprised in the copyright but falls within a class of acts that is so specified);
(b) so as to apply to a place in or part of Australia;
(c) so as to apply to part of the period for which the copyright is to subsist.
(3) An assignment of copyright (whether total or partial) does not have effect unless it is in writing signed by or on behalf of the assignor.
(4) A licence granted in respect of a copyright by the owner of the copyright binds every successor in title to the interest in the copyright of the grantor of the licence to the same extent as the licence was binding on the grantor.