Section 889F — Corporations Act 2001 (Cth)

Money borrowed and paid to the SEGC

(1) This section applies if money borrowed by the SEGC under subsection 889E(1) is paid to the SEGC.

(2) The SEGC must pay the money into the NGF.

(3) If:

(a) the money was borrowed for the purpose of meeting a payment due out of the NGF; and

(b) the borrowed money has been paid into the NGF; and

(c) the payment due out of the NGF has not yet been made;

then, for the purposes of section 889J, the amount in the NGF is taken to be reduced by the amount of the borrowed money.

Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

Related sections

s 889C — The SEGC to keep the NGF
s 889D — What the NGF consists of
s 889E — Power to borrow etc. for purposes of the NGF
s 889G — Money borrowed and not paid to the SEGC
s 889H — Payments out of the NGF
s 889I — Minimum amount of the NGF

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