(1) If an application made under section 93 complies with this Act, the Registrar shall, at, or within, the time provided for in the regulations—
(a) enter the particulars of the assignment or transmission in the Register; and
(b) register the person to whom the trade mark has been assigned or transmitted as the owner of the trade mark in relation to the goods or services or both in respect of which the assignment or transmission has effect.
(2) The particulars under subsection (1)(a) are taken to have been entered in the Register on the day on which the application was filed, and the registration of the beneficiary as the owner of the trade mark under subsection (1)(b) is taken to have had effect from and including that day.
(3) The Registrar shall publish notice of—
(a) the recording of the assignment or transmission; and
(b) the registration of the beneficiary as the owner of the trade mark in the Gazette.
(4) In this section “beneficiary” means the person to whom a trade mark has been assigned or transmitted.