Document ID: chunk:federal_register_of_legislation:C2014A00077:clause:1_39db
Version: federal_register_of_legislation:C2014A00077
Segment Type: clause
Provision Reference: sch 1 cl 39DB
Character Range: 24812–25944

39DB  Restrictions on financial transactions
 (1) Infrastructure Australia must not, without the written approval of the Minister:
 (a) acquire any property, right or privilege for a consideration exceeding in amount or value the amount prescribed by the regulations for the purposes of this paragraph; or
 (b) dispose of any property, right or privilege if the amount or value of the consideration for the disposal, or the value of the property, right or privilege, exceeds the amount prescribed by the regulations for the purposes of this paragraph; or
 (c) enter into a lease of land for a period exceeding 10 years.
 (2) Paragraphs (1)(a) and (b) do not apply to the investment of money by Infrastructure Australia under section 18 of the Commonwealth Authorities and Companies Act 1997.
 (3) Infrastructure Australia must not borrow money from any person.
 (4) Nothing in subsection (3) affects Infrastructure Australia's ability to obtain goods or services on credit in accordance with section 28A of the Commonwealth Authorities and Companies Act 1997.
 (5) An approval under subsection (1) is not a legislative instrument.