Document ID: chunk:federal_register_of_legislation:C2004A04077:section:1918:p10
Version: federal_register_of_legislation:C2004A04077
Segment Type: section
Provision Reference: s 1918 (pt 10/11)
Character Range: 23874–26616

(i) the limit of the last Corporation advance, subsidised advance or contract of sale in relation to which the person was a borrower or purchaser; or

      (ii) $25,000;

     whichever is less.".

  Commencement: Day of Royal Assent

16. Section 34 of the Principal Act is repealed and the following section is substituted:

Rate of interest on further advances

"34. The rate of interest that is to be specified under paragraph 17 (3) (d) in a certificate of entitlement in relation to a further advance that a person may seek from the Bank is 6.85% per year.".

  Commencement: Day of Royal Assent

Maximum terms of advances

  17. Section 36 of the Principal Act is amended:

   (a) by omitting paragraph (1) (c);

     (b) by omitting from paragraph (1) (d) "to which paragraph (c) does not apply".

  Commencement: Day of Royal Assent

Review of decisions by Administrative Appeals Tribunal

  18. Section 44 of the Principal Act is amended:

     (a) by omitting from subsection (1) all words to and including "as the case may be", and substituting "Where a person makes a decision under subsection 43 (6) affirming or varying a reviewable decision, the person";

     (b) by omitting from subsection (3) "or a decision by the Minister refusing to give an approval under section 19".

  Commencement: Day of Royal Assent

19. The Principal Act is amended by inserting after Schedule 1 the Schedule set out in Schedule 1 to this Act.

  Commencement: Day of Royal Assent

Consequential and minor amendments

  20. The Principal Act is further amended as set out in Schedule 2.

  Commencement: Day of Royal Assent

Savings

21. (1) Where the Secretary issues a certificate of entitlement to a person under section 19 of the Principal Act as in force immediately before the commencement of this section (see subsections 10 (2) and (3) of this Act), sections 25 and 34 and subparagraph 36 (1) (c) (ii) of the Principal Act as in force immediately before the commencement of sections 15, 16 and 17 of this Act apply in relation to the certificate of entitlement.

  (2) Where:

     (a) section 19 of the Principal Act as in force immediately before the commencement of section 18 of this Act applies to a person's application for a certificate of entitlement (see subsections 10 (2) and (3) of this Act); and

     (b) the Minister makes a decision in relation to the application refusing to give an approval under that section of the Principal Act;

section 44 of the Principal Act as in force immediately before the commencement of section 18 applies in relation to the Minister's decision.

  Commencement: Day of Royal Assent

PART 3—AMENDMENTS OF THE PUBLIC SERVICE ACT 1922

Interpretation

  22. Section 7 of the Public Service