13Financial criteria

13 Financial criteria

The Corporation must not make an expanded drought loan to an eligible farm business unless: (a) the Corporation is satisfied that the business is financially viable, or has sound prospects of a return to financial viability within 10 years; and (b) the business: (i) owes commercial debt; and (ii) has the support of the commercial lender to the proposed concessional loan; and (c) the entity carrying on the business is not bankrupt or under external administration; and (d) the entity carrying on the business is registered for tax purposes in Australia with an Australian Business Number, and is registered under the A New Tax System (Goods and Services Tax) Act 1999.