81Security for advances

81 Security for advances

(1)  Homes Tasmania may require a borrower to provide the security that Homes Tasmania thinks fit.

(2)  A security required under subsection (1) may be, but is not required to be, a security consisting of a mortgage.

(3)  The provisions of the Personal Property Securities Act 2009 of the Commonwealth –

(a) do not apply to any mortgage, or other security, executed under the provisions of this Act; and

(b) do not affect the validity of any such mortgage or security in respect of any chattels forming all or part of the security.