Commonwealth Numbered Acts

HORTICULTURAL RESEARCH AND DEVELOPMENT CORPORATION ACT 1987 No. 166 of 1987 - SECT 51

51. The Corporation may give security over the whole or any part of its land
or other assets for:

   (a)  the repayment by the Corporation of money borrowed by it under
        paragraph 49 (1) (a) and the payment by it of interest (including any
        interest on that interest) on money so borrowed;

   (b)  the payment by the Corporation of amounts (which may be interest) that
        it is liable to pay with respect to money raised by it under paragraph
        49 (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 50 (1) or as a result of a determination made
        under subsection 50 (2).