Defence Reserve Service (Protection) Act 2001

The Chief of the Defence Force must not make or guarantee a loan on behalf of the Commonwealth unless:

the requirements of subsections (2), (3) and (4) are met; and

the Chief of the Defence Force takes into account the matter in subsection (5).

The member must apply for the loan or guarantee in the form approved, in writing, by the Chief of the Defence Force:

while the member is rendering service as a result of a call out; or

within 12 months after the member stops rendering that service.

The Chief of the Defence Force must approve the particular purpose for which the loan is made or guarantee given.

The Chief of the Defence Force must be satisfied that the applicant is likely to be able to repay the amount of the loan made or guaranteed within a reasonable period.

In determining whether to make a loan or give a guarantee, the Chief of the Defence Force must take into account the effect of the applicant’s defence service on his or her capacity and opportunities to establish or re‑establish himself or herself in civilian life without assistance under this Part.