Document ID: chunk:federal_register_of_legislation:C2024C00824:section:69
Version: federal_register_of_legislation:C2024C00824
Segment Type: section
Provision Reference: s 69
Character Range: 92697–93516

69  Limit of total amount of loans under Part 4
 (1) EFIC is to carry on its operations so that the total amount of money at any time lent by EFIC under Part 4 and not repaid or written off does not exceed the amount prescribed for the purpose of this subsection.
 (2) A loan made in accordance with an approval or direction under Part 5 is to be disregarded for the purposes of subsection (1) to the extent that the risk associated with the loan is to be borne by the Commonwealth.
 (2A) A DIFF loan, as defined in section 66A, is to be disregarded for the purposes of subsection (1).
 (3) In calculating the total amount of money lent by EFIC under Part 4 and not repaid or written off, there is to be included the amount of any contingent liability of EFIC under the terms of any loan made by EFIC under that Part.