Document ID: chunk:federal_register_of_legislation:C2024C00824:section:3:p3
Version: federal_register_of_legislation:C2024C00824
Segment Type: section
Provision Reference: s 3 (pt 3/4)
Character Range: 12169–14933

of equipment or other goods into, a foreign country for use in, or in connection with, a business carried on, or proposed to be carried on, in a foreign country by the person transferring the money or importing the equipment or other goods; or
 (e) the transferring of money, or the supply of equipment or other goods, by a corporation to another corporation in which that first‑mentioned corporation has a substantial shareholding, being money, equipment or goods for use in, or in connection with, a business carried on, or proposed to be carried on, by that other corporation in a foreign country.
Paris Agreement means the Paris Agreement, done at Paris on 12 December 2015, as amended and in force for Australia from time to time.
Note: The Agreement is in Australian Treaty Series 2016 No. 24 ([2016] ATS 24) and could in 2022 be viewed in the Australian Treaties Library on the AustLII website (http://www.austlii.edu.au).
related party, for a business, has the meaning given by section 228 of the Corporations Act 2001.
responsible Ministers means:
 (a) the Minister administering this Act; and
 (b) the Finance Minister.
short‑term insurance contract means an export payments insurance contract under section 14 that covers a loss or detriment arising out of a contract or arrangement whose initial payment term is no longer than 360 days, but does not include an export payments insurance contract that EFIC has entered into, whether wholly or partly, in accordance with an approval or direction under Part 5.
substantial part of a business means a part of a business that is substantial and not minor or insignificant.

Loans and lending of money
 (2) In this Act, a reference to a loan or to the lending of money includes a reference to the provision of finance, the provision of a financial accommodation or the making of equity investments, in any form.

Eligible export transactions
 (3) For the purposes of this Act, a transaction is an eligible export transaction if, in whole or in part, it involves, is associated with, or is incidental or related to:
 (a) the export from Australia of goods produced or manufactured wholly or substantially in Australia; or
 (b) the production or manufacture in Australia, wholly or substantially, of goods that are to be exported from Australia; or
 (c) the supply, installation, erection, operation, maintenance or repair of goods produced or manufactured wholly or substantially in Australia and exported from Australia; or
 (d) the rendering in Australia or a foreign country:
 (i) of any services in or in connection with the supply, installation, erection, operation, maintenance or repair of goods produced or manufactured wholly or substantially in Australia and exported from Australia; or
 (ii) of any