Commonwealth Numbered Acts Commonwealth Numbered ActsScope
(1) This section applies if the Designated Authority approves the transfer of a title.
Endorsement
(2) The Designated Authority must immediately endorse on:
(a) the instrument of transfer; and
(b) the copy of the instrument of transfer;
a memorandum of approval.
(3) On payment of the fee provided for in the Registration Fees Act, the Designated Authority must enter in the Register a memorandum of:
(a) the transfer; and
(b) the name of the transferee or of each transferee.
(4) On the entry in the Register of the memorandum:
(a) the transfer is taken to be registered; and
(b) the transferee becomes the registered holder, or the transferees become the registered holders, of the title.
(5) If the transfer is registered:
(a) the copy of the instrument of transfer endorsed with the memorandum of approval must be:
(i) retained by the Designated Authority; and
(ii) made available for inspection in accordance with this Chapter; and
(b) the instrument of transfer endorsed with the memorandum of approval must be returned to the person who applied for approval of the transfer.