Document ID: chunk:federal_register_of_legislation:F2024N00253:reg:5
Version: federal_register_of_legislation:F2024N00253
Segment Type: reg
Provision Reference: reg 5
Character Range: 2529–3683

5  Delegations relating to guarantees, indemnities or warranties by the Commonwealth
 (1) Under subsection 110(1) of the Act, each person holding, occupying or performing the duties of each of the following offices or positions in the Treasury, is delegated the Secretary's powers under section 60 of the Act, as delegated to the Secretary by the Minister for Finance in writing on 13 December 2023 (MC23-004225 refers):
 (a) a Deputy Secretary.

       Directions
 (2) Under subsection 110(6) of the Act, a delegate under subsection (1) is directed to exercise the power in a manner consistent with all of the following:
 (a) the power is to be exercised only in connection with loans made by Judo Bank to SME entities that have previously been the subject of a guarantee under the Guarantee of Lending to Small and Medium Enterprises (Coronavirus Economic Response Package) Act 2020;
 (b) guarantees provided under the power must be for either 50 percent or 80 percent of the loan amount, consistent with the guarantee previously in force under the Guarantee of Lending to Small and Medium Enterprises (Coronavirus Economic Response Package) Act 2020.