# Securities

> act-s269 — as in force on 2026-06-04 — C2026C00232 · Compilation No. 171 — https://www.legislation.gov.au/C2026C00232/latest/text

269 Securities
          (1) An authorized officer may, subject to subsection (1A), require and
              take security for compliance with the provisions of this Act or the
              regulations or with any condition imposed in pursuance of, or for
              the purposes of, this Act or the regulations:
                (a) by a deposit of cash, Treasury Bonds or negotiable
                    instruments, together with a memorandum of deposit in a
                    form approved by the Minister; or
                (b) in accordance with a form of security approved by the
                    Minister.
        (1A) The power of an authorized officer to require and take security
             under subsection (1) in relation to an application for a visa applies
             only if:
              (a) the security is for compliance with conditions that will be
                   imposed on the visa in pursuance of, or for the purposes of,
                   this Act or the regulations, if the visa is granted; and
              (b) the officer has indicated those conditions to the applicant.
          (2) A security given in accordance with a form approved by the
              Minister shall, without sealing, bind its subscribers as if it were
              sealed and, unless otherwise provided in the security, jointly and
              severally and for the full amount.
          (3) Whenever a security under this Act is put in suit, the production of
              the security without further proof shall entitle the Commonwealth
              to judgment for their stated liabilities against the persons appearing
              to have executed the security unless the defendants prove
              compliance with the conditions of the security or that the security
              was not executed by them or release or satisfaction.
          (4) If it appears to the court that a non-compliance with a condition of
              a security under this Act has occurred, the security shall not be
              deemed to have been discharged or invalidated, and the subscribers









               shall not be deemed to have been released or discharged from
               liability, by reason of:
                 (a) an extension of time or other concession;
                 (b) any consent to, or acquiescence in, a previous
                      non-compliance with a condition; or
                 (c) any failure to bring suit against the subscribers upon the
                      occurrence of a previous non-compliance with the condition.