Commonwealth Consolidated Acts

NORFOLK ISLAND ACT 1979 - SECT 50B

                   The Administration may give security for:

                     (a)  the repayment by the Administration of money borrowed by the Administration under section 49 or paragraph 50(1)(a) and the payment by the Administration of interest (including any interest on that interest) on money so borrowed;

                     (b)  the payment by the Administration of amounts (including any interest) that the Administration is liable to pay with respect to money raised by the Administration under paragraph 50(1)(b); or

                     (c)  the payment to the Commonwealth of amounts equal to any amounts that the Commonwealth may become liable to pay under a contract entered into under subsection 50A(1) or a determination made under subsection 50A(2).