162
CurrentSeizure of property subject to security
Part 6Monitoring and enforcement
Division 4Seizure by authorised officers and forfeiture
Subdivision 1Power to seize
162 Seizure of property subject to security
(1)
An authorised officer may seize a thing, and exercise powers relating to the thing, despite a lien or other security over the thing claimed by another person.
(2)
However, the seizure does not affect the other person’s claim to the lien or other security against a person other than the authorised officer or a person acting for the authorised officer.
This Act’s bill:Explanatory memorandumSecond reading speech
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