Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 889G

Money borrowed and not paid to the SEGC

  (1)   This section applies if money borrowed by the SEGC under subsection   889E(1) is not paid to the SEGC but is payable to other persons at the direction of the SEGC.

  (2)   The SEGC must not direct that any of the money be paid to a person unless the payment is of a kind that can, under section   889H, be made out of the NGF.


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