67
CurrentAmount of loan or guarantee
Part 10Loans and guarantees to returned members
67 Amount of loan or guarantee
(1)
The amount of a loan made, or guarantee given, to a member must not be more than the amount (the maximum loan amount) prescribed by the rules.
(2)
If more than one loan is made or guarantee given to a member, the sum of them must not be more than the maximum loan amount.
(3)
The rules may make provision for and in relation to the indexation of a maximum loan amount.
This Act’s bill:Explanatory memorandumSecond reading speech
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