Commonwealth Consolidated Regulations

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Sufficient transfer of Division 3 assets: licensed trustee company or Public Trustee of a State or Territory

             (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; 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.

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