DEVELOPMENT ALLOWANCE AUTHORITY ACT 1992 (REPEALED)

CHAPTER 3 - INFRASTRUCTURE BORROWINGS  

PART 2 - INTERPRETATION: INFRASTRUCTURE BORROWINGS ETC.  

SECTION 93G  

93G   INDIRECT INFRASTRUCTURE BORROWING  
An indirect infrastructure borrowing is a borrowing of money by an incorporated body where:

(a) the borrower requirements set out in section 93I are met; and

(b) the body intends, at the time of the borrowing, to use the borrowed money only:

(i) by lending it to another person where that loan will constitute the whole or part of a direct infrastructure borrowing by that other person in relation to which a certificate is in force; and

(ii) if it is not able to be lent to the other person immediately after it is borrowed - by investing it in a prescribed investment until it is.