Commonwealth Consolidated Acts

ABORIGINAL AND TORRES STRAIT ISLANDER ACT 2005 - SECT 193M

    The Indigenous Land and Sea Corporation may give security over the whole or any part of its assets:

  (a)   for the repayment by the Indigenous Land and Sea Corporation of money borrowed under section   193L and the payment by the Indigenous Land and Sea Corporation of interest (including interest on interest) on money so borrowed; or

  (b)   in connection with a guarantee given by the Indigenous Land and Sea Corporation;

and not otherwise.