Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Any liability or obligation of a body corporate to a subsidiary of the Indigenous Land and Sea Corporation arising:
(a) under the terms and conditions of a grant, loan or guarantee made or given by the subsidiary under an arrangement referred to in subsection 191G(1); or
(b) under section 191S;
is taken to be an interest of the subsidiary in the land, or in the water - related right, to which the liability or obligation relates.
(2) The land or right is charged with the payment of all costs and expenses incurred by the subsidiary in respect of its enforcement of the liability or obligation.