Document ID: chunk:federal_register_of_legislation:C2004A01267:clause:2_77cc
Version: federal_register_of_legislation:C2004A01267
Segment Type: clause
Provision Reference: sch 2 cl 77CC
Character Range: 6111–7074

77CC  Obtaining credit etc. taken to be raising of an amount of money, otherwise than by borrowing

 (1) This clause applies if the industry services body:
 (a) does a thing mentioned in the table in subclause (2); and
 (b) does not do that thing in relation to a transaction that is in the ordinary course of its day‑to‑day operations.

 (2) By doing that thing, the industry services body is taken, for the purposes of this Part and subclause 94(2), to raise the relevant amount of money mentioned in the following table, otherwise than by borrowing:

Circumstances where the industry services body is taken to raise an amount of money, otherwise than by borrowing
Item                                                                                                              If the industry services body...                                                               by doing so, it is taken to raise this amount of money, otherwise than by borrowing...