14Ownership, possession and use of property etc.

#### 14 Ownership, possession and use of property etc. (1) A foreign State is not immune in a proceeding in so far as the proceeding concerns: (a) an interest of the State in, or the possession or use by the State of, immovable property in Australia; or (b) an obligation of the State that arises out of its interest in, or its possession or use of, property of that kind. (2) A foreign State is not immune in a proceeding in so far as the proceeding concerns an interest of the State in property that arose by way of gift made in Australia or by succession. (3) A foreign State is not immune in a proceeding in so far as the proceeding concerns: (a) bankruptcy, insolvency or the winding up of a body corporate; or (b) the administration of a trust, of the estate of a deceased person or of the estate of a person of unsound mind.