sch.2-sec.8Interest rates

### sch.2-sec.8 Interest rates If an applicant’s property is in a defined disaster area for the disaster to which the applicant’s application relates, the applicant may be given a loan under the scheme at a concessional interest rate decided by the authority. Subject to subsection (3) , if an applicant’s primary production enterprise is an individual disaster stricken enterprise, the applicant may only be given a loan under the scheme at a current commercial lending rate. An applicant under subsection (2) may be given a loan at a concessional interest rate if the authority considers— the applicant’s financial position is desperate but viable; and the applicant’s circumstances are exceptional. (sch.2-sec.8-ssec.1) If an applicant’s property is in a defined disaster area for the disaster to which the applicant’s application relates, the applicant may be given a loan under the scheme at a concessional interest rate decided by the authority. (sch.2-sec.8-ssec.2) Subject to subsection (3) , if an applicant’s primary production enterprise is an individual disaster stricken enterprise, the applicant may only be given a loan under the scheme at a current commercial lending rate. (sch.2-sec.8-ssec.3) An applicant under subsection (2) may be given a loan at a concessional interest rate if the authority considers— the applicant’s financial position is desperate but viable; and the applicant’s circumstances are exceptional. - (a) the applicant’s financial position is desperate but viable; and - (b) the applicant’s circumstances are exceptional.