QLDIn ForceAct
Duties Act 2001
sec.250What is a loan
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### sec.250 What is a loan
Each of the following is a loan —
an advance of money;
the payment of money for or on account of, or at the request of, any person;
a forbearance to require the payment of money owing on any account;
any transaction, whatever its terms or form, that in substance effects a loan of money.
- (a) an advance of money;
- (b) the payment of money for or on account of, or at the request of, any person;
- (c) a forbearance to require the payment of money owing on any account;
- (d) any transaction, whatever its terms or form, that in substance effects a loan of money.