Section 889G — Corporations Act 2001 (Cth)

Money borrowed and not paid to the SEGC

(1) This section applies if money borrowed by the SEGC under subsection 889E(1) is not paid to the SEGC but is payable to other persons at the direction of the SEGC.

(2) The SEGC must not direct that any of the money be paid to a person unless the payment is of a kind that can, under section 889H, be made out of the NGF.

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 889D — What the NGF consists of
s 889E — Power to borrow etc. for purposes of the NGF
s 889F — Money borrowed and paid to the SEGC
s 889H — Payments out of the NGF
s 889I — Minimum amount of the NGF
s 889J — Levy by the SEGC

Research how courts apply s 889G

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.

Try BriefBridge free