Section 52ZZU — Veterans' Entitlements Act 1986: Effect of unsecured loan on value of assets

(1) For the purposes of the application of this Subdivision to a particular individual and a particular company or trust, if: (a) the company or trust is the borrower under a loan; and (b) the loan is not secured by a charge or encumbrance over one or more of the assets of the company or trust; the Commission may, by writing, determine that the value of a specified asset of the company or trust is to be reduced by the whole, or a specified part, of the amount of the loan. (2) A determination under subsection (1) has effect accordingly. (3) In making a determination under subsection (1), the Commission must comply with any relevant decision-making principles.