sch.26-sec.2Purpose of assistance

### sch.26-sec.2 Purpose of assistance The purpose of assistance under the scheme is to provide concessional loans to eligible entities to assist the eligible entities to meet working capital expenses. For subsection (1) , working capital expenses include, for example, the following— paying employee wages; paying creditors; paying rent and rates; buying goods, including fuel, for the purpose of carrying on the business. However, for subsection (1) , the following are not working capital expenses— refinancing existing business loans or equipment finance; purchasing new equipment or other assets. sch 26 s 2 orig sch 26 s 2 ins 2013 SL No. 194 s 5 om 2014 SL No. 51 s 6 prev sch 26 s 2 ins 2015 SL No. 125 s 10 om 2019 SL No. 71 s 59 sch 1 pres sch 26 s 2 ins 2020 SL No. 36 s 4 (sch.26-sec.2-ssec.1) The purpose of assistance under the scheme is to provide concessional loans to eligible entities to assist the eligible entities to meet working capital expenses. (sch.26-sec.2-ssec.2) For subsection (1) , working capital expenses include, for example, the following— paying employee wages; paying creditors; paying rent and rates; buying goods, including fuel, for the purpose of carrying on the business. (sch.26-sec.2-ssec.3) However, for subsection (1) , the following are not working capital expenses— refinancing existing business loans or equipment finance; purchasing new equipment or other assets. - (a) paying employee wages; - (b) paying creditors; - (c) paying rent and rates; - (d) buying goods, including fuel, for the purpose of carrying on the business. - (a) refinancing existing business loans or equipment finance; - (b) purchasing new equipment or other assets.