Section 982D — Corporations Act 2001 (Cth)

Permitted use of loan

The licensee must only use the money:

(a) for the purpose, and in the manner, set out in the statement given under section 982C; or

(b) for another purpose, or in another manner, agreed on in writing by the licensee and the client after the licensee gave the client the statement.

Note: Failure to comply with this section is an offence (see subsection 1311(1)).

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 982A — Money to which this Subdivision applies
s 982B — Obligation to pay money into an account
s 982C — Licensee to give client statement setting out terms of loan etc.
s 983A — Court may freeze certain accounts
s 983B — Interim order freezing accounts
s 983C — Duty of person to whom order directed to make full disclosure

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