Commonwealth Numbered Acts

RETIREMENT SAVINGS ACCOUNTS ACT 1997 No. 61, 1997 - SECT 171

(1) If an order is made by a court under this Act vesting property in a
person:

   (a)  subject to subsections (2) and (3), the property immediately vests in
        law and in equity in the person named in the order by force of this
        Act; and

   (b)  if the order is made by a court-the person who applied for the order
        must, within 7 days after the entering of the order, lodge an office
        copy of the order with such person (if any) as is specified in the
        order.

(2) If:

   (a)  the property is of a kind whose transfer or transmission may be
        registered under a law of the Commonwealth, of a State or of a
        Territory; and

   (b)  that law enables the registration of such an order; the property does
        not vest in that person at law until the requirements of the law
        referred to in paragraph (a) have been complied with.

(3) If:

   (a)  the property is of a kind whose transfer or transmission may be
        registered under a law of the Commonwealth, of a State or of a
        Territory; and

   (b)  that law enables the person named in the order to be registered as the
        owner of that property; the property does not vest in that person at
        law until the requirements of the law referred to in paragraph (b)
        have been complied with.