Rural Assistance Act 1989

The Authority may, despite the provisions of any other Act or regulations made under any such Act—

waive the payment by a person of any money to which this section applies, or

waive the payment by a person of any interest payable on money to which this section applies, or

fix the terms of payment of and the rate of interest to be paid on money to which this section applies or, if payment has been waived in part, on the residue of that money, or

amend the terms of repayment of money to which this section applies, whether or not by suspending or allowing further time for payment, or

write off either wholly or partly money to which this section applies which, in the opinion of the Authority, is not recoverable, or

take any action to enable the recovery of money to which this section applies, to secure its repayment or to preserve or protect a security for its repayment, such as the selling or foreclosing of mortgaged property and taking a new or additional security or postponing a security.

This section applies to money owed by a person to—

the Rural Assistance Board as constituted under the Rural Assistance Act 1932 in respect of assistance granted or administered by that Board, or

the State Bank in respect of an advance made by the Bank under Division 2, 3 or 5 of Part 4 of the State Bank Act 1981 or under the Farm Water Supplies Act 1946 or by virtue of an order made under section 37 of the State Bank Act 1981 appointing the Bank to carry out functions under the Soil Conservation Act 1938, or

the State Bank in respect of an advance made by the Bank under any other prescribed provision of an Act, or

the Authority in respect of assistance granted before or after the commencement of this section, or

any other person or body prescribed for the purposes of this section by the regulations.