Document ID: chunk:federal_register_of_legislation:C2024C00866:section:52zj
Version: federal_register_of_legislation:C2024C00866
Segment Type: section
Provision Reference: s 52ZJ
Character Range: 828729–829346

52ZJ  Person ceases to participate in pension loans scheme if debt exceeds maximum loan available
  If:
 (a) a person is participating in the pension loans scheme; and
 (b) the debt owed by the person under section 52ZC exceeds the maximum loan available to the person under the scheme;
the scheme ceases to operate in relation to the person on the first day on which the debt exceeds the maximum loan available.
Note 1: The maximum loan available is worked out by using the formula set out in subsection 52ZCA(1).
Note 2: For repayment or recovery of the debt owed by the person see section 52ZKA and section 52ZG.