Document ID: chunk:federal_register_of_legislation:F2019C00466:reg:9:p2
Version: federal_register_of_legislation:F2019C00466
Segment Type: reg
Provision Reference: reg 9 (pt 2/2)
Character Range: 10477–11287

under this program. This would leave the business with $500,000 in commercial debt and $500,000 in Commonwealth-funded concessional loans. If the business refinanced a greater amount, it would hold more than half of its total debt in Commonwealth-funded concessional loans.
Example 3: A farm business has $1 million in existing commercial debt. The business obtains a loan to refinance $400,000 of that existing debt and obtain another $200,000 in new debt under the program. This leaves the business with $600,000 in commercial debt and $600,000 in Commonwealth-funded concessional loans. This loan complies with subsection (2), as it does not result in the business refinancing more than 50% of its existing commercial debt or having more than 50% of its total debt in Commonwealth-funded concessional loans.