Cross River Rail Delivery Authority Act 2016
sec.28Holding land or other property obtained as security
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sec.28 Holding land or other property obtained as security
This section applies if the authority acquires or otherwise becomes entitled to land or other property as security for, or in satisfaction, liquidation or discharge of, a debt owing to the authority. The authority may hold the land or property until it can be advantageously disposed of. (sec.28-ssec.1) This section applies if the authority acquires or otherwise becomes entitled to land or other property as security for, or in satisfaction, liquidation or discharge of, a debt owing to the authority. (sec.28-ssec.2) The authority may hold the land or property until it can be advantageously disposed of.