5Rural Assistance Authority to make advances

5 Rural Assistance Authority to make advances

5 Rural Assistance Authority to make advances

(1) In any case where the applicant notifies the Rural Assistance Authority under section 4 (3) that the applicant desires the advance such advance shall, subject to the provisions of this Act, be made by the Rural Assistance Authority by way of loan bearing interest at such rate as may be fixed by the Rural Assistance Authority from time to time.

(2), (3) (Repealed)

s 5: Am 1986 No 104, Schs 1 (5), 2 (3); 1989 No 98, Sch 1.