Federal Register of Legislation - Australian Government

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Rules/Other as made
This instrument amends the Guarantee of Lending to Small and Medium Enterprises (Coronavirus Economic Response Package) Rules 2020 to increase the monetary threshold for annual turnover from $50 million to $120 million.
Administered by: Treasury
Registered 13 Nov 2020
Table of contents.

 

Guarantee of Lending to Small and Medium Enterprises (Coronavirus Economic Response Package) Amendment Rules 2020

I, Josh Frydenberg, Treasurer, make the following rules.

Dated 12 November 2020

Josh Frydenberg

Treasurer

 

  

  


Contents

1  Name........................................................................................................................................ 1

2  Commencement........................................................................................................................ 1

3  Authority.................................................................................................................................. 1

4  Schedules................................................................................................................................. 1

Schedule 1—Amendments                                                                                            2

Guarantee of Lending to Small and Medium Enterprises (Coronavirus Economic Response Package) Amendment Rules 2020                                                                                                                                                         2

 

 


1  Name

                   This instrument is the Guarantee of Lending to Small and Medium Enterprises (Coronavirus Economic Response Package) Amendment Rules 2020.

2  Commencement

             (1)  Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  The whole of this instrument

The day after this instrument is registered.

 

Note:          This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

             (2)  Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

                   This instrument is made under the Guarantee of Lending to Small and Medium Enterprises (Coronavirus Economic Response Package) Act 2020.

4  Schedules

                   Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1Amendments

Guarantee of Lending to Small and Medium Enterprises (Coronavirus Economic Response Package) Rules 2020

 

1  Subparagraphs 5(1)(b)(i) and (ii)

Omit “$50 million”, substitute “$120 million”.