Document ID: chunk:federal_register_of_legislation:C2025C00023:clause:1_4:p2
Version: federal_register_of_legislation:C2025C00023
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 2/2)
Character Range: 858506–860419

a corporation formed under the law of a State or Territory to carry on the business of banking within Australia; or
 (c) a corporation whose sole or principal business is the provision of financial accommodation to other persons, being a corporation:
 (i) that is a registered entity under the Financial Sector (Collection of Data) Act 2001; or
 (ii) in respect of which a declaration under subclause (5) is in force; or
 (iii) in respect of which an application for such a declaration has been made but not finally disposed of.
controller, in relation to an authorised lender, means a person who is in a position to exercise control of the lender.
loan agreement, in relation to a company, means an agreement entered into in the ordinary course of carrying on a business of providing financial accommodation under which:
 (a) financial accommodation is provided to the company; or
 (b) money is deposited with the company; or
 (c) a debt or liability (whether or not financial) of the company arises;
whether or not:
 (d) the financial accommodation, money, debt or liability is secured; or
 (e) money payable by the company under the agreement is presently payable; or
 (f) liability arising under the agreement is unconditional.
media company means:
 (a) a company that holds a commercial television broadcasting licence or a commercial radio broadcasting licence; or
 (b) a company that holds a subscription television broadcasting licence; or
 (ba) a company that holds an international broadcasting licence; or
 (c) a company that publishes a newspaper; or
 (d) a company that is in a position to exercise control of such a company.
 (5) The ACMA may, in writing, declare a corporation (whether formed inside or outside Australia) whose sole or principal business is the provision of financial accommodation to other persons to be an authorised lender for the purposes of this clause.

Part 3—Deemed control