29ICInteraction between sections 29I, 29IA, 29IB and 29IBA

29IC Interaction between sections 29I, 29IA, 29IB and 29IBA

(1) None of sections 29I, 29IA, 29IB and 29IBA (the limiting sections) limits the types of guarantees that may be issued under another limiting section. (2) If a guarantee could, taking account of the eligible lender’s credit assessment and the limits on numbers for the relevant limiting sections, be issued under one or more of the limiting sections, the following rules apply: (a) if it could be issued under section 29IA, 29IB or 29IBA: (i) it may not be issued under section 29I; and (ii) if it could be issued under more than one of sections 29IA, 29IB and 29IBA—Housing Australia may determine which of those sections it is to be issued under; (b) if it could not be issued under any of sections 29IA, 29IB and 29IBA—it may be issued under section 29I.