Commonwealth Consolidated Acts

EXPORT FINANCE AND INSURANCE CORPORATION ACT 1991 - SECT 13

             (1)  EFIC may:

                     (a)  arrange for the formation of a company; or

                     (b)  join in the formation of a company, partnership, joint venture or other business association;

for any purpose connected with, or incidental to, EFIC's functions.

             (2)  EFIC may only exercise a power under subsection (1) if:

                     (a)  the exercise of the power would be consistent with the achievement of the objectives of EFIC as set out in the corporate plan in force at the time; and

                     (b)  the power is exercised on terms and conditions approved in writing by the Minister.