Commonwealth Consolidated Acts

DEFENCE RESERVE SERVICE (PROTECTION) ACT 2001 - SECT 57

    This Part does not affect the power of a security holder under a financial arrangement to which this Part applies to enforce the holder's rights against the member or dependant if:

  (a)   the security holder was, or is, in possession of the security at the start day of the member's defence service; or

  (b)   if the security is land--the security holder has appointed or appoints a receiver who, at the start day of the member's defence service, was, or is:

  (i)   in possession of the land; or

  (ii)   receiving the rents and profits of the land.