The phrase "policy intent" refers to the goal or objective that a policy is designed to achieve. It is the underlying purpose or reason behind creating a particular policy. Full definition
In particular it describes the Board's policy intent when it made cuts to the cash rate in early 2015 and compares that to prevailing current financial conditions. (rba.gov.au)
Loopholes are inherently legal, but they circumvent the policy intent of the legislation when corporations legally use tax advantages to make professionals more whole as compared to salaried employees. (canadianlawyermag.com)
The policy intent of the LUF was given life in law in 2009 through the passage of the Alberta Land Stewardship Act, SA 2009, c A26.8 (ALSA). (ablawg.ca)