Commonwealth Consolidated Acts

NATION-BUILDING FUNDS ACT 2008 - SECT 139

                   For the purposes of this Act, a payment in relation to the creation or development of higher education infrastructure is:

                     (a)  a payment to a higher education institution in relation to the creation or development of education infrastructure; or

                     (b)  any of the following payments:

                              (i)  a payment in relation to the acquisition of shares in a company that is, or will be, involved in the creation or development of education infrastructure;

                             (ii)  a payment in relation to the acquisition of debentures of a company that is, or will be, involved in the creation or development of education infrastructure;

                            (iii)  a payment in relation to the acquisition of units in a unit trust that is, or will be, involved in the creation or development of education infrastructure;

                            (iv)  a payment in relation to the acquisition of any other financial asset in a business entity that is, or will be, involved in the creation or development of education infrastructure;

                             (v)  a payment in relation to a matter incidental or ancillary to a matter set out in subparagraph (i), (ii), (iii) or (iv);

                            where the education infrastructure relates to the higher education sector.

Note:          See section 206.