Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) This regulation applies to the transfer of Division 3 assets, otherwise than by way of sale, gift or exchange, by:
(a) a licensed trustee company, within the meaning of Chapter 5D of the Act; or
(b) a Public Trustee of a State or Territory; or
(c) a company mentioned in Schedule 9;
whether alone or together with any other person or persons, to the beneficial owner of the Division 3 assets.
(2) A document is a sufficient transfer of the Division 3 assets if it:
(a) relates to those assets; and
(b) is completed in accordance with Form 9.