Defence (Re-establishment) Act 1965
52Amount of loans etc.
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52 Amount of loans etc.
(1) The amount of any loan made, or in respect of which a guarantee is given, under this Part to any eligible person (or, if there is more than one such loan, the aggregate of those loans) shall not exceed:
(a) such amount as is prescribed; and
(b) where the loan is for the purpose of enabling the eligible person to engage in or resume a prescribed occupation, business or practice—such amount as is prescribed in respect of that occupation, business or practice.
(2) The aggregate amount of any loans made, or in respect of which guarantees are given, under this Part to more than one eligible person in respect of the same business or practice shall not exceed the amount of the loan that could have been made, or in respect of which a guarantee could have been given, to one eligible person in respect of that business or practice. (3) Where two or more eligible persons have agreed to carry on a business or practice jointly, the last preceding subsection does not apply in relation to any loans made, or in respect of which guarantees are given, under this Part to each of those persons who, in the opinion of a prescribed authority, devotes or intends to devote the whole of his time to active participation in that business or practice.