Economic Development Act 2012
sec.21Entering into financial arrangements
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sec.21 Entering into financial arrangements
MEDQ may— lend money, or enter into other financial arrangements, as part of a dealing in land or other property, including, for example, by providing finance to a purchaser; and enter into instalment contracts or other deferred payment arrangements as a creditor. MEDQ might construct a research facility for an entity and recover the costs of its construction by a lease of the facility to the entity. MEDQ may exercise a power under subsection (1) only if MEDQ has considered a matter prescribed under a regulation about the exercise of the power. MEDQ may take any form of security or charge over land or other property if MEDQ considers it appropriate for doing a thing under subsection (1) . (sec.21-ssec.1) MEDQ may— lend money, or enter into other financial arrangements, as part of a dealing in land or other property, including, for example, by providing finance to a purchaser; and enter into instalment contracts or other deferred payment arrangements as a creditor. MEDQ might construct a research facility for an entity and recover the costs of its construction by a lease of the facility to the entity. (sec.21-ssec.2) MEDQ may exercise a power under subsection (1) only if MEDQ has considered a matter prescribed under a regulation about the exercise of the power. (sec.21-ssec.3) MEDQ may take any form of security or charge over land or other property if MEDQ considers it appropriate for doing a thing under subsection (1) .
- (a) lend money, or enter into other financial arrangements, as part of a dealing in land or other property, including, for example, by providing finance to a purchaser; and
- (b) enter into instalment contracts or other deferred payment arrangements as a creditor. Example— MEDQ might construct a research facility for an entity and recover the costs of its construction by a lease of the facility to the entity.