QLDIn ForceRegulation
Rural and Regional Adjustment Regulation 2011
sch.26-sec.9Eligibility criteria—eligible business
Start here
Get a plain-English read of sch.26-sec.9
Turn the raw legal text into a practical explanation grounded in Rural and Regional Adjustment Regulation 2011.
### sch.26-sec.9 Eligibility criteria—eligible business
An applicant is eligible for assistance under the scheme if the authority is satisfied—
the applicant is the owner of an eligible business; and
the applicant has continuously operated the eligible business since at least 1 July 2017; and
the eligible business has suffered a loss of income as a result of COVID–19; and
the eligible business is viable under normal business conditions; and
the applicant is able to service the loan under normal business conditions; and
the applicant intends to continue operating the eligible business after receiving the loan; and
the applicant intends to use any surplus liquid reserves or normal credit sources up to normal credit limits, in conjunction with the loan, to maintain business operations.
sch 26 s 9 orig sch 26 s 9 ins 2013 SL No. 194 s 5
om 2014 SL No. 51 s 6
prev sch 26 s 9 ins 2015 SL No. 125 s 10
om 2019 SL No. 71 s 59 sch 1
pres sch 26 s 9 ins 2020 SL No. 36 s 4
- (a) the applicant is the owner of an eligible business; and
- (b) the applicant has continuously operated the eligible business since at least 1 July 2017; and
- (c) the eligible business has suffered a loss of income as a result of COVID–19; and
- (d) the eligible business is viable under normal business conditions; and
- (e) the applicant is able to service the loan under normal business conditions; and
- (f) the applicant intends to continue operating the eligible business after receiving the loan; and
- (g) the applicant intends to use any surplus liquid reserves or normal credit sources up to normal credit limits, in conjunction with the loan, to maintain business operations.