DEVELOPMENT ALLOWANCE AUTHORITY ACT 1992 (REPEALED)
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Hide history noteAn 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.
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