Commonwealth Consolidated Acts

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RESERVE BANK ACT 1959 - SECT 86

Priority of debts due by other ADIs

    Notwithstanding anything contained in any law relating to the winding - up of companies, but subject to subsection   13A(3) of the Banking Act 1959 , debts due to the Bank by an ADI shall, in the winding - up, have priority over all other debts.

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