Section 39: Power to require security

39. Power to require security (1) The Director-General may require and take security for compliance with this Act and generally for the protection of the revenue and, pending the giving of the required security in relation to any goods subject to the control of Customs, the Director-General may refuse to deliver the goods or pass any entry relating to them. (2) Every security in the nature of a bond which is issued by a company or a partnership shall, in the absence of fraud, be binding on the company and partners of the partnership, as the case may be. (3) Where any security is required to be given, such security shall be given by bond, bank guarantee or cash deposit or all or any of those methods and, in every case, the security shall be subject to acceptance by the DirectorGeneral. (4) The forms of security specified by the Director-General shall be sufficient for all purposes of a bond or guarantee under this Act and shall bind the subscribers thereto jointly and severally for the full amount. (5) Every security shall be valid for such period as may be specified in the bond or guarantee and, subject to section 41, may be reviewed.