Document ID: chunk:federal_register_of_legislation:C2025C00105:section:142h
Version: federal_register_of_legislation:C2025C00105
Segment Type: section
Provision Reference: s 142H
Character Range: 41410–42471

142H  Grants and loans to be repayable if conditions breached etc.
 (1) The TSRA may give written notice to an individual or body to whom a grant has been made under this Part, stating that the TSRA is satisfied that the individual or body has failed to fulfil a term or condition of the grant.
 (2) An individual or body who is given notice under subsection (1) is liable to pay to the TSRA an amount equal to:
 (a) the amount of the grant; or
 (b) so much of the grant as the TSRA specifies in the notice.
 (3) The TSRA may give written notice to an individual or body to whom a loan has been made under this Part, stating that the TSRA is satisfied that the individual or body 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.