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 limited (contractually or otherwise) to the financed asset or security provided.
This discussion paper forms the basis for consultation on the design of this proposal and sets out the way it may be implemented. The purpose of this discussion paper is to provide interested parties with an opportunity to comment on the design of the proposal.