Commonwealth Consolidated Acts

EXPORT FINANCE AND INSURANCE CORPORATION ACT 1991 - SECT 18

                   Where, for the purpose of financing, in whole or in part, an eligible export transaction:

                     (a)  EFIC has lent, or proposes to lend, money under section 23 to a person; and

                     (b)  another person (in this section called the co‑lender ), by arrangement with EFIC, has also lent, or proposes to lend, money to that person, or to another person;

EFIC may guarantee to the co‑lender the repayment of the whole or any part of the money lent, or to be lent, by the co‑lender and the payment of the whole or a part of any interest or other charges that may become payable to the co‑lender in respect of the money lent, or to be lent, by the co‑lender.