sec.14Loan terms and repayments under particular schemes

### sec.14 Loan terms and repayments under particular schemes This section applies if— before the commencement, an applicant had been given a loan under any of the following provisions— schedule 2, section 5; schedule 3, section 5; schedule 7, section 6; schedule 21, section 5; and immediately before the commencement, the loan had not been repaid. The following provisions, as in force immediately before the commencement, continue to apply in relation to the loan as if the Rural and Regional Adjustment (Disaster Assistance Schemes) Amendment Regulation 2018 had not commenced— for a loan under schedule 2, section 5—schedule 2, section 10(5); for a loan under schedule 3, section 5—schedule 3, section 9(6); for a loan under schedule 7, section 6—schedule 7, section 10(2) and (3); for a loan under schedule 21, section 5—schedule 21, section 10(2) and (3). Schedule 21, section 10(3) does not apply in relation to a loan under schedule 21, section 5 mentioned in subsection (1). To remove any doubt, it is declared that subsection (3) does not prevent the authority increasing the interest rate charged for the loan in accordance with an agreement for the loan entered into before the commencement. s 14 ins 2018 SL No. 172 s 3 (sec.14-ssec.1) This section applies if— before the commencement, an applicant had been given a loan under any of the following provisions— schedule 2, section 5; schedule 3, section 5; schedule 7, section 6; schedule 21, section 5; and immediately before the commencement, the loan had not been repaid. (sec.14-ssec.2) The following provisions, as in force immediately before the commencement, continue to apply in relation to the loan as if the Rural and Regional Adjustment (Disaster Assistance Schemes) Amendment Regulation 2018 had not commenced— for a loan under schedule 2, section 5—schedule 2, section 10(5); for a loan under schedule 3, section 5—schedule 3, section 9(6); for a loan under schedule 7, section 6—schedule 7, section 10(2) and (3); for a loan under schedule 21, section 5—schedule 21, section 10(2) and (3). (sec.14-ssec.3) Schedule 21, section 10(3) does not apply in relation to a loan under schedule 21, section 5 mentioned in subsection (1). (sec.14-ssec.4) To remove any doubt, it is declared that subsection (3) does not prevent the authority increasing the interest rate charged for the loan in accordance with an agreement for the loan entered into before the commencement. - (a) before the commencement, an applicant had been given a loan under any of the following provisions— (i) schedule 2, section 5; (ii) schedule 3, section 5; (iii) schedule 7, section 6; (iv) schedule 21, section 5; and - (i) schedule 2, section 5; - (ii) schedule 3, section 5; - (iii) schedule 7, section 6; - (iv) schedule 21, section 5; and - (b) immediately before the commencement, the loan had not been repaid. - (i) schedule 2, section 5; - (ii) schedule 3, section 5; - (iii) schedule 7, section 6; - (iv) schedule 21, section 5; and - (a) for a loan under schedule 2, section 5—schedule 2, section 10(5); - (b) for a loan under schedule 3, section 5—schedule 3, section 9(6); - (c) for a loan under schedule 7, section 6—schedule 7, section 10(2) and (3); - (d) for a loan under schedule 21, section 5—schedule 21, section 10(2) and (3).