Queensland Consolidated Acts

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CREDIT (RURAL FINANCE) ACT 1996 - SECT 17J

17J Mortgagee to obtain best price

(1) This section applies if the mortgagee sells the farm equipment to a person other than a person nominated by the mortgagor in a notice under section 17D(a).

(2) The onus of proving the mortgagee obtained the best price the mortgagee could reasonably have obtained for the farm equipment when the mortgagee took possession of the farm equipment is on the mortgagee.



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