Document ID: chunk:federal_register_of_legislation:C2024C00682:section:21
Version: federal_register_of_legislation:C2024C00682
Segment Type: section
Provision Reference: s 21
Character Range: 41200–41767

21  Maximum amounts on which subsidy is payable
 (1) Subject to this Part, the amount on which subsidy is payable is:
 (a) the advanced amount; or
 (b) $80,000;
whichever is less.
 (2) If:
 (a) a person obtains an advanced amount of less than $80,000; and
 (b) the person later borrows a further amount by increasing that amount; and
 (c) the payment of subsidy in respect of the increase is approved under section 15;
then, subject to this Part, the amount on which subsidy is payable is:
 (d) the total of the borrowed amounts; or
 (e) $80,000;
whichever is less.