Document ID: chunk:federal_register_of_legislation:C2004A04677:body:0:p33
Version: federal_register_of_legislation:C2004A04677
Segment Type: other
Provision Reference: 
Character Range: 86368–89099

has failed to fulfil a term or condition of the loan.

"(4) An individual or body who is given notice under subsection (3) is liable to pay to the TSRA, immediately, an amount equal to the sum of:

  (a) so much of the amount of the loan as has not yet been repaid; and

  (b) any accrued interest that has not been paid;

or so much of that amount as the TSRA specifies in the notice.

Restriction on right to dispose of interest in land

  "142J.(1) This section applies if:

  (a) an individual or body has acquired an interest in land; and

  (b) any of the following applies:

        (i) the interest was acquired using money granted to the individual or body by the TSRA under paragraph 142F(1)(a);

      (ii) the interest was acquired from the TSRA under paragraph 142F(1)(b);

        (iii) the acquisition of the interest was financed by a loan that was guaranteed by the TSRA under section 142G.

"(2) The individual or body must not dispose of the interest without the TSRA's written consent.

"(3) If the individual or body purports to dispose of the interest without the TSRA's written consent, the purported disposition is of no effect.

TSRA to formulate decision-making principles about grants, loans and guarantees

"142K.(1) The TSRA must formulate principles (the 'decision-making principles'), not inconsistent with the objects of this Act, about:

  (a) the making of grants and loans under section 142F; and

  (b) the giving of guarantees under section 142G.

"(2) Subject to section 144ZD, the TSRA must perform its functions and exercise its powers under sections 142F and 142G in accordance with applicable provisions of the decision-making principles in force from time to time.

"(3) Without limiting the operation of the Freedom of Information Act 1982, the TSRA General Manager must ensure that copies of the decision-making principles as in force from time to time are available for inspection and purchase at each of the TSRA's offices.

"(4) The TSRA General Manager must cause notice of the making of decision-making principles to be published in the Gazette.

Review of operation of Part etc.

  "142L.(1) The TSRA may, from time to time:

  (a) review such aspects of the operation of:

         (i) this Part; and

         (ii) the remaining provisions of this Act, in so far as they relate to the TSRA;

  as the TSRA determines in writing; and

  (b) report to the Minister accordingly.

  "(2) The TSRA must not review a matter mentioned in section 141.

"(3) The report to the Minister may include suggestions for amendments of this Act to solve problems identified in the report.

"(4) The Minister must cause copies of the report to be laid before each House of the Parliament within