Welcome to the
website of the
New Zealand Trailer Boat Federation Inc.
Representing Moored & Trailered Pleasure Craft Clubs
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New Zealand Trailer Boat Federation Inc. Representing Moored & Trailered Pleasure Craft Clubs
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NZTBF Loan Fund DetailsThe NZTBF has limited funds available for borrowing by affiliated clubs for capital works.The affiliated club must provide the DEC with details of what the funds will be used for.
If the affiliated Club is an incorporated society, the clubs published accounts must show to the satisfaction of the DEC that the Club has the ability to meet interest and repayments.
If the affiliated Club is not an incorporated society, the club must provide a guarantor(s) who, in the opinion of the DEC would be of sufficient substance to meet the interest and repayments should the Club be unable to do so.
The NZTBF may register a "financing statement" on the Personal Property Securities Register ("the PPSR") which will include information concerning the loan, the borrower's name and the loan security details.
The DEC must approve the loan with a three quarter majority of those entitled to attend and vote.
Refer to the Government website for more information concerning the Personal Property Securities Register. (Link to PPSR) Interest rates are linked to but are in general, lower than those charged by the main trading banks. |
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