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Regional Investment Corporation (Small Business Drought Loans) Rules 2020
In force
Administered by
Department of Agriculture, Fisheries and Forestry
This item is authorised by the following title:
Regional Investment Corporation Act 2018
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F2020L00028
16 January 2020
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30 September 2020
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Part 1—Preliminary
1 Name
2 Commencement
3 Authority
4 Definitions
5 What is a drought-affected small business?
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Part 2—Small Business Drought Loans Program
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Division 1—Prescribing Small Business Drought Loans Program
6 Small Business Drought Loans Program prescribed
7 Constitutional basis for program
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Division 2—Dealing with applications for small business drought loans
8 Informing applicants of outcome of applications for small business drought loans
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Division 3—Making small business drought loans
9 Small business drought loans to be made only on application
10 Capacity to repay loan and provide security
11 Extra preconditions for making small business drought loans
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Division 4—Determining terms and conditions of small business drought loans
12 Extra terms and conditions of small business drought loans
13 Setting interest rates
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Division 5—Collecting and dealing with payments and enforcing security
14 Corporation to pay amounts collected to Commonwealth
15 Decisions on foreclosure to be made by Board
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Division 6—Dealing with debt relating to small business drought loans
16 Mediation
17 Waiver
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Division 7—Reporting to responsible Ministers
18 Quarterly reporting
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Division 8—Funding of small business drought loans
19 Funding of small business drought loans
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Division 9—Other matters relating to program
20 Charging of transaction costs
21 Directions by responsible Ministers
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Part 3—Other functions relating to program
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Division 1—Corporation functions
22 Preparing and publishing guidelines relating to program
23 Providing information and advice to responsible Ministers
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Division 2—Board functions
24 Ensuring internal review of decisions about loans
25 Setting interest rates
26 Developing and applying loan management policies and procedures
