Commonwealth Consolidated Acts

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RESERVE BANK ACT 1959 - SECT 83

Power to improve property and carry on business

    Where the Bank holds any property (whether real or personal) or business as security for a loan or advance, and the property or business falls into the hands of the Bank, the Bank may maintain, repair or improve the property, or carry on the business, until the Bank can, in its discretion, dispose of the property or business in the best interests of the Bank.



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