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3.5.1 Purposes

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A further subsidised advance is:

  • available for the same purposes and on the same conditions as a subsidised advance;
  • restricted to an amount equal to the limit of the previous subsidised advance;
  • to have an interest rate or interest rates that applied to the last preceding previous advance or advances; and
  • to have the balance of term or terms that applied to the last preceding previous advance or advances.

NOTE:  If the previous advance was not current on 9 May 1995, the total used terms of previous advances must not have exceeded 25 years as at that date.

NOTE:  Please see Ent GO 3.5.5 for further details re interest rates applicable.