Document ID: chunk:federal_register_of_legislation:C2024C00637:section:51a
Version: federal_register_of_legislation:C2024C00637
Segment Type: section
Provision Reference: s 51A
Character Range: 74877–75601

51A  Monthly subsidy—shared liability between partners for subsidised loans

Scope
 (1) This section applies to a subsidised borrower if the borrower and his or her partner are parties to a single subsidised loan, whether they are liable jointly and severally, or individually.

Loan capital rules
 (2) The following table has effect for the purposes of section 51:

Shared liability between partners
Item                               If…                                                           the capital amount owing by the subsidised borrower on the subsidised loan on the first authorisation day for the entitlement period is taken to be…  the amount of the subsidised borrower's loan limit at a particular time is…