Guarantee of Lending to Small and Medium Enterprises (Coronavirus Economic Response Package) Amendment Rules 2021 (F2021L00320)

Schedule 1   Amendments

Guarantee of Lending to Small and Medium Enterprises (Coronavirus Economic Response Package) Rules 2020

1   Paragraph 5(1)(b)

Repeal the paragraph, substitute:

(b) one or more of the following applies:

(i) the entity's annual turnover for the current year is likely to be less than $250 million;

(ii) the entity carried on a business in one of the 2 financial years immediately before the current year, and its annual turnover in that year was less than $250 million;

(iii) the entity was a non-profit body during one of the 2 financial years immediately before the current year, and its annual turnover in that year was less than $250 million.