Document ID: chunk:federal_register_of_legislation:F2020C00878:reg:13
Version: federal_register_of_legislation:F2020C00878
Segment Type: reg
Provision Reference: reg 13
Character Range: 11528–12232

13  Financial criteria
  The Corporation must not make an expanded drought loan to an eligible farm business unless:
 (a) the Corporation is satisfied that the business is financially viable, or has sound prospects of a return to financial viability within 10 years; and
 (b) the business:
 (i) owes commercial debt; and
 (ii) has the support of the commercial lender to the proposed concessional loan; and
 (c) the entity carrying on the business is not bankrupt or under external administration; and
 (d) the entity carrying on the business is registered for tax purposes in Australia with an Australian Business Number, and is registered under the A New Tax System (Goods and Services Tax) Act 1999.