21Maximum amounts on which subsidy is payable

21 Maximum amounts on which subsidy is payable

(1) Subject to this Part, the amount on which subsidy is payable is: (a) the advanced amount; or (b) $80,000; whichever is less. (2) If: (a) a person obtains an advanced amount of less than $80,000; and (b) the person later borrows a further amount by increasing that amount; and (c) the payment of subsidy in respect of the increase is approved under section 15; then, subject to this Part, the amount on which subsidy is payable is: (d) the total of the borrowed amounts; or (e) $80,000; whichever is less.