Document ID: chunk:federal_register_of_legislation:F2023L01671:clause:2_4
Version: federal_register_of_legislation:F2023L01671
Segment Type: clause
Provision Reference: sch 2 cl 4
Character Range: 2405–5051

4  Definitions
Note: A number of expressions used in this instrument are defined in section 5 of the Act, including the following:
(a) consideration period;
(a) Facility;
(b) Finance Minister;
(c) Minister for Northern Australia.
  In this instrument:
Act means the Northern Australia Infrastructure Facility Act 2016.
Alternative Financing Mechanism means financial assistance other than financial assistance that is only a loan.
             Note 1:  Examples of financial assistance that is not a loan include: letters of credit, the purchase of primary-issue bonds, debentures and other debt-like instruments, and equity and equity-like instruments such as ordinary shares, units in trusts, interests in joint ventures, convertible notes and preference shares.
             Note 2: If, for example, financial assistance includes both a loan and an equity component, then that financial assistance is not 'only a loan', and so is an Alternative Financing Mechanism.
Commercial Financier means a private sector body that provides finance or investment into economic infrastructure projects.
Commonwealth entity has the same meaning as in the Public Governance, Performance and Accountability Act 2013.
direct assistance has the meaning given by subsection 13(2).
Finance Department means the Department of State of the Commonwealth administered by the Finance Minister.
Government Policy Priorities means the Government priorities described in the first column of the table in Schedule 2.
Indian Ocean Territories means the Territory of Christmas Island and the Territory of Cocos (Keeling) Islands.
Infrastructure Australia has the same meaning as in the Infrastructure Australia Act 2008.
Investment Decision means a decision by the Facility to offer financial assistance for a Project, and includes a decision to offer financial assistance conditional on the negotiation and execution of legal documentation, or on the satisfaction of conditions precedent to funding.
             Note: The making of an Investment Decision results in a proposal by the Facility to provide financial assistance, within the meaning of section 11 of the Act.
Investment Proposal means an application for financial assistance submitted to the Facility.
Mandatory Criteria means the mandatory criteria described in Schedule 1.
Project means a project the subject of an Investment Proposal or an Investment Decision.

       Project Proponent means the entity responsible for a Project.
Risk Appetite Statement has the meaning given by subsection 15(1).
State includes the Northern Territory.
Target Portfolio Return has the meaning given by paragraph 14(5)(a).