Document ID: chunk:federal_register_of_legislation:C2024C00824:section:23c
Version: federal_register_of_legislation:C2024C00824
Segment Type: section
Provision Reference: s 23C
Character Range: 45586–46463

23C  Approval required before providing services or products to finance certain coal, crude oil or natural gas activities
  Despite any other provision of this Part, EFIC must not provide a service or product under this Part that would:
 (a) directly finance the extraction of coal, crude oil or natural gas; or
 (b) directly finance the construction of infrastructure for the primary purpose of extracting coal, crude oil or natural gas; or
 (c) directly finance investments for the sole purpose of the use of coal, crude oil or natural gas;
unless an application for the service or product has been referred to the Minister under section 25.
Note: A direction under section 26 may prevent such applications from being referred to the Minister. EFIC cannot provide a service or product covered by this section in those circumstances.

Part 5—National interest transactions