Document ID: chunk:federal_register_of_legislation:C2016C00809:section:41:p3
Version: federal_register_of_legislation:C2016C00809
Segment Type: section
Provision Reference: s 41 (pt 3/3)
Character Range: 35733–37275

other than Australia in relation to any proceedings that may be taken under the contract.
 (7) Where the Finance Minister enters into a contract under subsection (2), or makes a determination under subsection (3), in relation to a borrowing or raising, the Finance Minister shall cause to be laid before each House of the Parliament, within 15 sitting days of that House after the contract is entered into or the determination made, a notice specifying the amount and term of the borrowing or raising and such other information relating to the borrowing or raising, and the contract or determination, as the Finance Minister considers appropriate.
 (8) For the purposes of this section:
 (a) the issue by a body corporate of an instrument acknowledging a debt in consideration of the payment or deposit of money or of the provision of credit; or
 (b) the obtaining of credit by a body corporate;
shall, to the extent of the amount of that money or of that credit, as the case may be, be deemed to be a borrowing by the body corporate.
 (9) For the purposes of subsection (1), a body corporate is a wholly owned subsidiary of DHA if the body corporate is a subsidiary of DHA and none of the members of the body corporate is a person other than:
 (a) DHA;
 (b) a nominee of DHA;
 (c) a subsidiary of DHA, being a subsidiary none of the members of which is a person other than DHA or a nominee of DHA; or
 (d) a nominee of a subsidiary referred to in paragraph (c).

Part VI—Managing Director, staff and consultants

Division 1—Managing Director