Document ID: chunk:federal_register_of_legislation:C2025C00105:section:191e:p2
Version: federal_register_of_legislation:C2025C00105
Segment Type: section
Provision Reference: s 191E (pt 2/3)
Character Range: 159497–162383

all reasonable steps to recover the repayment.

Loans—terms and conditions
 (2A) The Indigenous Land and Sea Corporation may make a loan of money on terms and conditions that must relate to:
 (a) the purposes for which the money may be spent; or
 (b) the period within which the money is to be spent; or
 (c) the acquittal of money spent; or
 (d) the giving of information relating to the loan; or
 (e) the repayment of the loan; or
 (f) the payment of interest (including interest on interest); or
 (g) if the loan is secured—the loan security.

Guarantees—terms and conditions
 (2B) A guarantee is subject to such terms and conditions as the Indigenous Land and Sea Corporation determines.

Performance of functions
 (3) For the purposes of the performance of the Indigenous Land and Sea Corporation's management functions, the Indigenous Land and Sea Corporation must give priority to the following:
 (a) pursuing sound land, water and environmental management practices;
 (b) pursuing a policy of granting money or making loans only where the Indigenous Land and Sea Corporation considers that alternative approaches (such as guaranteeing loans obtained from external sources or carrying on management activities under an agreement with the holders of indigenous‑held land) are impracticable;
 (c) in a case where the Indigenous Land and Sea Corporation carries on, or arranges for the carrying on of, management activities under agreements with holders of indigenous‑held land—directly involving the holders of the land in those activities.

Agreements may involve third parties
 (4) A reference in this section to an agreement with the holder of indigenous‑held land includes a reference to an agreement with the holder, where one or more other persons are parties to the agreement.

Definition
 (5) In this section:
management activities means activities that consist of, or relate to, the managed use, care or improvement of land, water or waters, and includes the following:
 (a) carrying on a business that involves the use, care or improvement of land, water or waters;
 (b) providing any of the following services (whether on a commercial basis or otherwise) in connection with a business that involves the use, care or improvement of land, water or waters:
 (i) management services;
 (ii) clerical or administrative services;
 (iii) services relating to financial administration;
 (iv) technical or professional services;
 (v) advisory services;
 (vi) similar services;
 (c) providing environmental management services (whether on a commercial basis or otherwise) in relation to the use, care or improvement of land, water or waters;
 (d) providing training (whether on a commercial basis or otherwise) in the skills and knowledge relevant to:
 (i) the carrying on of a business that involves the use, care or improvement of land, water or waters; or
 (ii) the managed use,