10Core foreign arrangements

10  Core foreign arrangements

 (1) For the purposes of achieving the objects of this Act, this Act has special provisions that apply to core foreign arrangements.

 (2) A core foreign arrangement is an arrangement between:

 (a) a core State/Territory entity; and

 (b) a core foreign entity;

whether or not other entities are also a party to the arrangement.

Note: Core foreign arrangements are a particular subset of foreign arrangements. There are special requirements for them because they are more likely to affect Australia’s foreign relations. Part 2, in particular, has special rules about negotiating or entering core foreign arrangements.

 (3) A core State/Territory entity is an entity covered by paragraph 7(a), (b) or (c) (even if the entity is also covered by paragraph 7(d), (e) or (f)).

 (4) A core foreign entity is:

 (a) an entity covered by paragraph 8(1)(a), (b) or (c) (even if the entity is also covered by paragraph 8(1)(d), (e), (f), (g), (h), (i) or (j)); or

 (b) an entity that is external to Australia and is prescribed by the rules to be a core foreign entity;

but does not include a corporation that operates on a commercial basis.