93GIndirect infrastructure borrowing

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.