Regional Investment Corporation (Drought Loans Expansion) Rule 2020
28Ensuring internal review of decisions about loans
Start here
Get a plain-English read of 28
Turn the raw legal text into a practical explanation grounded in Regional Investment Corporation (Drought Loans Expansion) Rule 2020.
28 Ensuring internal review of decisions about loans
For the purposes of paragraph 15(1)(e) of the Act, the Board has the function of ensuring that the Corporation develops and applies procedures for reviewing decisions (the original decisions) to make or refuse expanded drought loans, that: (a) are transparent, robust and fair; and (b) require reviews to be carried out, and decisions to be made on reviews, by persons who were not the primary decision‑makers of the original decisions; and (c) are consistent with principles of procedural fairness.