Commonwealth Consolidated Acts

ABORIGINAL LAND RIGHTS (NORTHERN TERRITORY) ACT 1976 - SECT 65BF

  (1)   The NTAI Corporation may give written notice to an individual or body to whom a payment or loan has been made under this Part stating that the NTAI Corporation is satisfied that the individual or body has failed to fulfil a term or condition of the payment or loan.

  (2)   An individual or body who is given notice under subsection   (1) in relation to a payment is liable to pay to the NTAI Corporation an amount equal to:

  (a)   the amount of the payment; or

  (b)   so much of that payment as the NTAI Corporation specifies in the notice.

  (3)   An individual or body who is given notice under subsection   (1) in relation to a loan is liable to pay to the NTAI Corporation, immediately, an amount equal to the sum of:

  (a)   so much of the amount of the loan as has not yet been repaid; and

  (b)   any accrued interest that has not been paid;

or so much of that amount as the NTAI Corporation specifies in the notice.