Document ID: chunk:federal_register_of_legislation:C2024C00687:section:57
Version: federal_register_of_legislation:C2024C00687
Segment Type: section
Provision Reference: s 57
Character Range: 62778–63364

57  Powers of security holder not affected
  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.