Title Guarantee of Lending to Small and Medium Enterprises (Coronavirus Economic Response Package) Bill 2020
Database Amendments
Date 29-01-2021 04:33 PM
Source Senate
System Id legislation/amend/r6529_amend_0b07eb46-6a98-4a00-bdc9-9d2b1b1fa6c7


Guarantee of Lending to Small and Medium Enterprises (Coronavirus Economic Response Package) Bill 2020

8916 revised

2019‑2020

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

 

 

 

Guarantee of Lending to Small and Medium Enterprises (Coronavirus Economic Response Package) Bill 2020

 

 

(1)     Clause 5, page 3 (after line 19), after subclause (3), insert:

          (3A)  The legislative rules must require that the terms of any loan subject to a guarantee granted to a financial institution under subsection (1) include a requirement that a SME entity to which a loan is to be made not make any employee of the SME redundant for the duration of any guarantee granted to the financial institution under that subsection.

[employees of SMEs]