4Definitions

4 Definitions

In this Act:

Agriculture Minister means the Minister who administers the Primary Industries Research and Development Act 1989.

Board means the Board of the Corporation established by section 14.

Board member means a member of the Board (and includes the Chair).

CEO means the Chief Executive Officer of the Corporation.

Chair means the Chair of the Board.

constitutional corporation means a corporation to which paragraph 51(xx) of the Constitution applies.

constitutional trade or commerce means trade or commerce:

(a) between Australia and places outside Australia; or
(b) among the States; or
(c) within a Territory, between a State and a Territory or between 2 Territories.

Corporation means the Regional Investment Corporation established by section 7.

Desertification Convention means the United Nations Convention to Combat Desertification in those Countries Experiencing Serious Drought and/or Desertification, Particularly in Africa, done at Paris on 17 June 1994.

Note: The Convention is in Australian Treaty Series 2000 No. 18 ([2000] ATS 18) and could in 2018 be viewed in the Australian Treaties Library on the AustLII website (http://www.austlii.edu.au).

drought resilience has the same meaning as in the Future Drought Fund Act 2019.

farm business loan means a loan made, or proposed to be made, to a farm business:

(a) engaged solely or mainly in producing commodities for constitutional trade or commerce; or
(b) for the purpose of encouraging or promoting constitutional trade or commerce; or
(c) that is a constitutional corporation; or
(d) to allow the business to satisfy the requirements of a contract with a constitutional corporation which relates to the corporation’s trading activities; or
(e) in an affected area, within the meaning of the Desertification Convention, for the purpose of implementing Australia’s international obligations under that Convention; or
(f) in a Territory.

Operating Mandate: see section 11.

paid work means work for financial gain or reward (whether as an employee, a self‑employed person or otherwise).