Credit Guarantee (Amendment) Act 2020
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Amendment of section 12 of Credit Guarantee (Amendment) Act 2016 | ||
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6. Section 12 of the Credit Guarantee (Amendment) Act 2016 is amended by— | ||
(a) the designation of that section as subsection (1), | ||
(b) the substitution, in subsection (1), of “Subject to subsection (2), the Minister shall not” for “The Minister shall not”, and | ||
(c) the insertion of the following subsections after subsection (1): | ||
“(2) Subsection (1) shall not apply to— | ||
(a) guarantees given under section 4 of the Principal Act in accordance with a Covid-19 credit guarantee scheme, or | ||
(b) qualifying finance agreements to which those guarantees apply. | ||
(3) In this section, ‘Covid-19 credit guarantee scheme’ has the same meaning as it has in the Principal Act.”. |