CTHRepealedAct
Aboriginal Councils and Associations Act 1976
51Powers to borrow money and give securities
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51 Powers to borrow money and give securities
An Incorporated Aboriginal Association may, subject to this Act and to the Rules of the Association: (a) raise or borrow money upon such terms, and in such manner, as it thinks fit; and (b) secure the repayment of money so raised or borrowed, or the payment of a debt or liability of the Association, by giving a mortgage, charge or other security upon or over all or any of the property of the Association.