Land Titles Act 1980

The mortgagee or encumbrancee, upon default in the payment of any money secured by the mortgage or encumbrance, may –

enter into possession of the mortgaged or encumbered land by receiving the rents and profits of that land;

distrain upon the occupier or tenant of the mortgaged or encumbered land under the power to distrain contained in section 83; or pursue the remedy provided by section 146 to obtain possession of the mortgaged or encumbered land –

and a registered mortgagee shall be entitled to foreclose the right of the mortgagor to redeem the mortgaged land as provided by sections 85 and 86.