Commonwealth Consolidated Acts

NATION-BUILDING FUNDS ACT 2008 - SECT 25

                   For the purposes of this Act, each of the following payments is taken to be a payment in relation to the creation or development of water infrastructure :

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

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

                     (c)  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 water infrastructure;

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

                     (e)  a payment in relation to a matter incidental or ancillary to a matter set out in paragraph (a), (b), (c) or (d).

Note:          See section 121.