Business Undertakings Assistance Act 1984
5Recovery of loans and grants in certain circumstances
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5 Recovery of loans and grants in certain circumstances
(1) Where a person contravenes or fails to comply with a term or condition applicable to any financial assistance provided to him under this Act –
(a) if that assistance is by way of a grant – the grant, or, if the Treasurer so determines, any part of the grant specified by him, becomes payable immediately by that person to the Treasurer; or
(b) if that assistance is by way of a loan – the whole of that loan or such part of it as is then outstanding, as the case may be, and any interest owing under the agreement for the loan become payable immediately by that person to the Treasurer.
(2) Any money that is payable under subsection (1) by a person to the Treasurer constitutes a debt due to the Crown and may be recovered by or on behalf of the Treasurer in a court of competent jurisdiction.