Document ID: chunk:federal_register_of_legislation:C2014C00184:clause:1_1
Version: federal_register_of_legislation:C2014C00184
Segment Type: clause
Provision Reference: sch 1 cl 1
Character Range: 5910–7382

1  Subsection 269T(1) (definition of subsidy)
Repeal the definition, substitute:
subsidy, in respect of goods exported to Australia, means:
 (a) a financial contribution:
 (i) by a government of the country of export or country of origin of the goods; or
 (ii) by a public body of that country or a public body of which that government is a member; or
 (iii) by a private body entrusted or directed by that government or public body to carry out a governmental function;
  that involves:
 (iv) a direct transfer of funds from that government or body; or
 (v) the acceptance of liabilities, whether actual or potential, by that government or body; or
 (vi) the forgoing, or non‑collection, of revenue (other than an allowable exemption or remission) due to that government or body; or
 (vii) the provision by that government or body of goods or services otherwise than in the course of providing normal infrastructure; or
 (viii) the purchase by that government or body of goods or services; or
 (b) any form of income or price support as referred to in Article XVI of the General Agreement on Tariffs and Trade 1994 that is received from such a government or body;
if that financial contribution or income or price support confers a benefit (whether directly or indirectly) in relation to the goods exported to Australia.
Note 1: See also subsection (2AA).
Note 2: Section 269TACC deals with whether a financial contribution or income or price support confers a benefit.