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29 Oct 12 Draft legislation: Limited Recourse Debt Amendments

As part of the 2012-13 Budget, the Government announced it will clarify that limited recourse debt includes arrangements where the creditor’s right to recover the debt is effectively limited to the financed asset or security provided.

Treasury has now released exposure draft legislation that contains the proposed amendments to implement the Government’s announcement.

The closing date for submissions is Monday 12 November 2012.

 


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