Commonwealth Consolidated Acts

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BANKING ACT 1959 - SECT 43

Vesting of gold delivered

    All gold delivered in pursuance of section   42 shall thereupon vest in the Reserve Bank absolutely, free from any mortgage, charge, lien, trust or other interest in or affecting the gold, and the Reserve Bank shall pay for the gold, to the person delivering the gold, on behalf of all persons having any interest in the gold, an amount determined in accordance with section   44 and the Reserve Bank shall not be under any liability to any other person claiming any interest in the gold.



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