6Small Business Drought Loans Program prescribed

6 Small Business Drought Loans Program prescribed

(1) For the purposes of paragraph 8(1)(g) of the Act, this section prescribes the Small Business Drought Loans Program. (2) The Small Business Drought Loans Program is the program that: (a) consists of the following activities: (i) receiving applications for small business drought loans, and dealing with the applications in accordance with Division 2; (ii) making small business drought loans in accordance with Division 3; (iii) determining in accordance with Division 4 the terms and conditions on which small business drought loans are made; (iv) taking security for small business drought loans; (v) charging borrowers for transaction costs incurred by the Corporation in relation to small business drought loans; (vi) collecting and dealing with payments of interest on, and repayments of principal of, small business drought loans, and if required, enforcing security taken for small business drought loans, in accordance with Division 5; (vii) reviewing periodically small business drought loans and the terms and conditions on which they are made; (viii) dealing with debts relating to small business drought loans in accordance with Division 6; (ix) reporting to the responsible Ministers on small business drought loans in accordance with Division 7; and (b) relates to small business drought loans funded in accordance with Division 8.