Document ID: chunk:federal_register_of_legislation:C2019A00033:clause:1_23a
Version: federal_register_of_legislation:C2019A00033
Segment Type: clause
Provision Reference: sch 1 cl 23A
Character Range: 4892–5483

23A  Loans to support overseas infrastructure development
 (1) EFIC may lend money for the purpose of supporting overseas infrastructure development.
Note: EFIC's power under subsection (1) to lend money includes the power to provide finance, or to provide a financial accommodation, in any form: see subsection 3(2).
 (2) The money may be lent to such person or persons as EFIC thinks appropriate.
 (3) However, EFIC must not lend money under this section unless EFIC reasonably believes that lending the money is likely to result in an Australian benefit.
Note: See also subsection 8(4).