Commonwealth Consolidated Acts

ABORIGINAL AND TORRES STRAIT ISLANDER ACT 2005 - SECT 185

  (1)   Indigenous Business Australia may give security over the whole or any part of its assets:

  (a)   for the repayment by Indigenous Business Australia of money borrowed under section   183 and the payment by Indigenous Business Australia of interest (including interest on interest) on money so borrowed; or

  (b)   in connection with a guarantee given by Indigenous Business Australia under section   153;

and not otherwise.

  (2)   In this section, the reference to assets of Indigenous Business Australia does not include a reference to:

  (a)   money held in trust by Indigenous Business Australia; or

  (b)   money in the New Housing Fund; or

  (c)   any money owed to Indigenous Business Australia on a housing loan made, or treated as having been made, from the New Housing Fund.