CTA2010/Part 7/Chapter 2/S228; ITA/s345

For a loan to a community development finance institution (CDFI) to be treated as a qualifying investment (CITM4010) under the CITR scheme it must satisfy three conditions.

Condition 1: Receipt of loans by CDFI


the CDFI must receive, from the investor, the full amount of the loan on the investment date,


if the terms of the loan agreement allow the CDFI to draw down amounts of the loan over a period of time, the end of that period must be no later than 18 months after the investment date

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