Commonwealth Consolidated Acts

EXPORT FINANCE AND INSURANCE CORPORATION ACT 1991 - SECT 19

             (1)  EFIC may enter into a contract under which an indemnity or guarantee is given to a person in relation to a tender or proposed tender for, or in relation to the performance of, a contract or proposed contract that is, or will be:

                     (a)  an export contract; or

                     (b)  either in whole or in part, an eligible export transaction; or

                     (c)  a contract associated with such a transaction.

             (2)  Subsection (1) applies to a contract which, however expressed and in whatever form, is in substance an indemnity or guarantee.