Commonwealth Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

TEXTILE, CLOTHING AND FOOTWEAR STRATEGIC INVESTMENT PROGRAM ACT 1999 - SECT 9

$700 million cap
(1)
The TCF (SIP) scheme must make provision for ensuring that the total of the grants paid, and loans made, under the scheme does not exceed the amount worked out using the formula:

where:

"Regional Assistance Program supplementation payments" means the total of the amounts determined under section 37.

(2)
If a loan under the TCF (SIP) scheme is repaid at a particular time, subsection (1) has effect after that time as if the loan had never been made.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback