Guarantee of Lending to Small and Medium Enterprises (Coronavirus Economic Response Package) Amendment Rules 2021
(F2021L00320)
24 March 2021
Guarantee of Lending to Small and Medium Enterprises (Coronavirus Economic Response Package) Act 2020
1 Name
This instrument is the Guarantee of Lending to Small and Medium Enterprises (Coronavirus Economic Response Package) Amendment Rules 2021.
2 Commencement
(1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
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Commencement information |
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Column 1 |
Column 2 |
Column 3 |
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1. The whole of this instrument |
The day after this instrument is registered. |
Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.
(2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.
3 Authority
This instrument is made under the Guarantee of Lending to Small and Medium Enterprises (Coronavirus Economic Response Package) Act 2020.
4 Schedules
Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.
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.