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FARM HOUSEHOLD SUPPORT ACT 1992 No. 241 of 1992 - SECT 4
Certificate of inability to obtain finance
4.(1) A certificate of inability to obtain finance is a certificate, in a form
approved by the Secretary of the Department of Primary Industries and Energy,
provided to the Secretary by a finance institution in respect of a farmer and
stating that:
(a) the farmer has applied to the institution for a loan; and
(b) the institution does not propose to make any loan to the farmer
because of the farmer's financial situation.
(2) Subject to subsection (3), a certificate in respect of a farmer has
effect:
(a) if it was issued within 14 days after the day on which the farmer made
a claim for farm household support-for a period of 6 months from that
day; or
(b) in any other case-for a period of 6 months from the day on which it
was issued.
(3) A certificate in respect of a farmer ceases to have effect if a finance
institution makes a loan available to the farmer.
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