(1) Subject to this Part, the amount on which subsidy is payable is:
(a) the advanced amount; or
(b) $80,000;
whichever is less.
(2) If:
(a) a person obtains an advanced amount of less than $80,000; and
(b) the person later borrows a further amount by increasing that amount; and
(c) the payment of subsidy in respect of the increase is approved under section 15;
then, subject to this Part, the amount on which subsidy is payable is:
(d) the total of the borrowed amounts; or
(e) $80,000;
whichever is less.