If your small business has applied for and received money from the Australian govt small business loans, you will have signed an agreement with them. This govt agreement indicates you will meet their conditions and terms of repayment. Refusing to repay a loan or being unable to do so can have different consequences, depending upon the reasons and the loans program you applied to.
You can also take advantage of the Small Business Startup Assessment Tool below and see the tools and resources you need to succeed at launching your business. It takes just a minute and will also tell you if there may be any funding programs available.