Commonwealth Consolidated Acts Commonwealth Consolidated ActsIf:
(a) a person is participating in the pension loans scheme; and
(b) the debt owed by the person under section 52ZC exceeds the maximum loan available to the person under the scheme;
the scheme ceases to operate in relation to the person on the first day on which the debt exceeds the maximum loan available.
Note 1: The maximum loan available is worked out by using the formula set out in subsection 52ZCA(1).
Note 2: For repayment or recovery of the debt owed by the person see section 52ZKA and section 52ZG.