Document ID: chunk:federal_register_of_legislation:C2024C00824:section:3:p2
Version: federal_register_of_legislation:C2024C00824
Segment Type: section
Provision Reference: s 3 (pt 2/4)
Character Range: 9583–12393

of goods produced or manufactured wholly or in part in Australia; or
 (b) for the rendering (whether inside or outside Australia) of a service to a person outside Australia.
Finance Minister means the Minister who administers the Public Governance, Performance and Accountability Act 2013.
guarantee includes the provision of stand‑by credit and any other form of monetary commitment supporting the performance of an obligation.
large business: see section 3A.
Managing Director includes a person acting as Managing Director.
member means a member of the Board, and includes the Chairperson, the Deputy Chairperson and a person acting as a member of the Board.
net zero transformation means achieving Australia's greenhouse gas emissions reduction targets and contributing to the reduction of global greenhouse gas emissions.
Northern Australia economic infrastructure has the same meaning as in the Northern Australia Infrastructure Facility Act 2016.
overseas infrastructure development means the development or enhancement of infrastructure that will be, or is, located or used wholly or substantially outside Australia.
overseas infrastructure financing means lending money to support overseas infrastructure development, if EFIC reasonably believes that lending the money is likely to result in an Australian benefit.
Note: Lending money includes providing finance, providing a financial accommodation or making an equity investment, in any form: see subsection (2).
overseas investment transaction means:
 (a) the acquisition of shares or stock, or of any other interest, in a corporation incorporated in a foreign country, being a corporation:
 (i) that, either alone or with other persons, carries on, or proposes to carry on, a business in a foreign country; or
 (ii) that has a substantial shareholding in another corporation that, either alone or with other persons, carries on, or proposes to carry on, a business in a foreign country; or
 (b) the acquisition of a right to share in the income or assets, or the income and assets, of a business carried on, or proposed to be carried on, in a foreign country, whether as a partnership or otherwise; or
 (c) the lending of money to a person for use by that person in, or in connection with, a business carried on, or proposed to be carried on, by the person in a foreign country or the guaranteeing of, or the provision of other support for, the repayment of money so lent and the payment of interest or other charges that may become payable in respect of money so lent; or
 (d) the transferring of money to, or the importing of equipment or other goods into, a foreign country for use in, or in connection with, a business carried on, or proposed to be carried on, in a foreign country by the person transferring the money or importing the equipment