Document ID: chunk:federal_register_of_legislation:C2019A00033:clause:1_2
Version: federal_register_of_legislation:C2019A00033
Segment Type: clause
Provision Reference: sch 1 cl 2
Character Range: 2084–3015

2  Subsection 3(1)
Insert:
ADI has the same meaning as in the Banking Act 1959.
Note: ADI is short for authorised deposit‑taking institution.
Australian benefit means a benefit that flows (whether directly or indirectly) from overseas to:
 (a) Australia; or
 (b) a person carrying on business or other activities in Australia.
EFIC's overseas infrastructure financing functions means the functions set out in paragraphs 7(1)(dd) and (de).
overseas infrastructure development means the development or enhancement of infrastructure that will be, or is, located or used wholly or substantially outside Australia.
overseas infrastructure financing means lending money to support overseas infrastructure development, if EFIC reasonably believes that lending the money is likely to result in an Australian benefit.
Note: Lending money includes providing finance, or providing a financial accommodation, in any form: see subsection (2).