(1) This section applies where money borrowed by SEGC under subsection 930A(1) is paid to SEGC. (2) SEGC must pay the money into the Fund. (3) If:

(a)

the money was borrowed for the purpose of meeting a payment due out of the Fund; and

(b)

the borrowed money has been paid into the Fund; and

(c)

the payment due out of the Fund has not yet been made;