6

Arrangement with Snowy Hydro Limited

To provide a loan to Snowy Hydro Limited to finance the construction of the Snowy 2.0 project.

This purpose has the effect it would have if it were limited to providing funding:

(a) in connection with trade and commerce among the States and Territories; or

(b) to give effect to Australia's obligations under one or more of the following:

(i) the United Nations Framework Convention on Climate Change, particularly Article 4;

(ii) the Kyoto Protocol to the United Nations Framework Convention on Climate Change, particularly Article 10;

(iii) the Paris Agreement, particularly Articles 4 and   7.