Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW
- SECT 930B

(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;

then, for the purposes of Division 4, the amount in the Fund is taken to be reduced by the amount of the borrowed money.