South African Maritime Safety Authority Act, 1998 (Act No. 5 of 1998)

Chapter 4 : Finance

Part 1 : General

42. Authority may give security
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The Authority may give security over the whole or part of its assets for—

(a)the compliance by the Authority with any obligation incurred under section 39 or 40; or
(b)the payment to the State of amounts equal to amounts paid by the State under a guarantee under section 41.