7A
In forceTerms and conditions for provision of financial assistance (other than equity investments) to corporations
Part 2Northern Australia Infrastructure Facility
7A Terms and conditions for provision of financial assistance (other than equity investments) to corporations
(1)
If the Facility decides to provide financial assistance (other than in the form of equity investments) to a corporation to which paragraph 51(xx) of the Constitution applies:
(a)
the terms and conditions on which the assistance is to be provided must be set out in a written agreement between the Facility and the corporation; and
(b)
the corporation must comply with the terms and conditions.
(2)
Without limiting subsection (1), the terms and conditions must provide for the circumstances in which the corporation must repay amounts to the Facility.
This Act’s bill:Explanatory memorandumSecond reading speech
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