Conditions
11 Conditions
Payment of assistance under the scheme is subject to the conditions stated in subsections (2) and (3).
The applicant must, if requested by the authority, from time to time provide appropriate evidence to the authority that all amounts drawn against a loan under the scheme have been used for essential working capital for the applicant’s primary production enterprise, small business or non-profit activities.
If an applicant asks for the authority’s consent to substitute a security for an existing security for a loan under the scheme and the authority consents to the substitution, the applicant must pay to the authority—
the authority’s reasonable fee for giving the consent; and
any other reasonable costs of the authority relating to the substitution.
In this section—
appropriate evidence means evidence in the form of tax invoices, official receipts for payment or bank statements showing full details of the goods or services acquired.
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