Corporations Act 2001
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .
View history note
Hide history noteThis section applies if money borrowed by the SEGC under subsection 889E(1) is paid to the SEGC.
889F(2) [ Payment of borrowed money]The SEGC must pay the money into the NGF.
889F(3) [ Amount of money in NGF](a) the money was borrowed for the purpose of meeting a payment due out of the NGF; and
(b) the borrowed money has been paid into the NGF; and
(c) the payment due out of the NGF has not yet been made;
then, for the purposes of section 889J , the amount in the NGF is taken to be reduced by the amount of the borrowed money.
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