THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW

THE CORPORATIONS LAW   82 

The Corporations Law is as follows:...

CHAPTER 7 - SECURITIES

PART 7.10 - THE NATIONAL GUARANTEE FUND

Division 3 - The National Guarantee Fund

SECTION 930B   MONEY BORROWED AND PAID TO SEGC  

930B(1)  [Money paid to SEGC]  

This section applies where money borrowed by SEGC under subsection 930A(1) is paid to SEGC.

 View history note

 Hide history note

History

S 930B(1) inserted by No 201 of 1991, Sch 1 (effective 18 December 1991).

930B(2)  [Payment into Fund]  

SEGC must pay the money into the Fund.

 View history note

 Hide history note

History

S 930B(2) inserted by No 201 of 1991, Sch 1 (effective 18 December 1991).

930B(3)  [Purpose of borrowing]  

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.

 View history note

 Hide history note

History

S 930B(3) inserted by No 201 of 1991, Sch 1 (effective 18 December 1991).

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.