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Regional Investment Corporation (Small Business Drought Loans) Rules 2020
made under the

Regional Investment Corporation Act 2018

Compilation No. 1

Compilation date: 1 October 2020

Includes amendments up to: F2020L01201

Registered: 7 October 2020

About this compilation

This compilation

This is a compilation of the Regional Investment Corporation (Small Business Drought Loans) Rules 2020 that shows the text of the law as amended and in force on 1 October 2020 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Legislation Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the series page on the Legislation Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents
Part 1—Preliminary
1 Name
3 Authority
4 Definitions
5 What is a drought‑affected small business?
Part 2—Small Business Drought Loans Program
Division 1—Prescribing Small Business Drought Loans Program
6 Small Business Drought Loans Program prescribed
7 Constitutional basis for program
Division 2—Dealing with applications for small business drought loans
8 Informing applicants of outcome of applications for small business drought loans
Division 3—Making small business drought loans
9 Small business drought loans to be made only on application
10 Capacity to repay loan and provide security
11 Extra preconditions for making small business drought loans
Division 4—Determining terms and conditions of small business drought loans
12 Extra terms and conditions of small business drought loans
13 Setting interest rates
Division 5—Collecting and dealing with payments and enforcing security
14 Corporation to pay amounts collected to Commonwealth
15 Decisions on