Guarantee of Lending to Small and Medium Enterprises (Coronavirus Economic Response Package) Act 2020

The Guarantee of Lending to Small and Medium Enterprises (Coronavirus Economic Response Package) Act 2020 is an Act of Parliament that was enacted in response to the COVID-19 pandemic. The Act provides for guarantees to be granted by the Commonwealth to financial institutions, in connection with loans made or to be made to small and medium enterprises.

The Act commenced on March 25, 2020, and includes provisions related to the appropriation of funds for loan guarantee liabilities, delegation of powers by the Minister, and the making of legislative rules. The Act also defines certain terms, including "financial institution", "constitutions corporation", and "SME entity".

The Act has undergone amendments, with the latest amendment being made through the Coronavirus Economic Response Package Omnibus (Measures No. 2) Act 2020. This amendment added new provisions related to the Act's operation.

The Act includes a provision for misdescribed amendments, which are amendments that do not accurately describe the amendment to be made. In such cases, the abbreviation "(md)" is added to the details of the amendment in the amendment history.

The Legislation Act 2003 authorizes First Parliamentary Counsel to make editorial and presentational changes to a compiled law, including this compilation. These changes take effect from the compilation registration date and are not intended to change the effect of the law.