10
In forceUsing funded property as security
Part 2Housing services requirements—funded providers other than BTR providers and HIF providers
Division 2Financial management and accountability requirements
10 Using funded property as security
A funded provider must not use funded property as security for a loan unless—
(a)
the funded provider is—
(i)
a registered provider; and
(ii)
a company registered under the Corporations Act; and
(b)
the chief executive gives the funded provider written approval to use the funded property as security for the loan.
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