Commonwealth Consolidated Acts

EXPORT FINANCE AND INSURANCE CORPORATION ACT 1991 - SECT 30

             (1)  Where EFIC enters into a contract, gives a guarantee or makes a loan in accordance with an approval or direction under this Part, EFIC must cause notice of the contract, guarantee or loan to be published in the Gazette .

             (2)  A notice under subsection (1) must set out the following particulars:

                     (a)  in the case of a contract of insurance or indemnity--particulars of the nature and extent of the insurance or indemnity;

                     (b)  in the case of a guarantee--particulars of the nature and extent of the guarantee;

                     (c)  in the case of a loan--particulars of the amount of the loan and the rate of interest to be charged on the money lent.

             (3)  A notice under subsection (1) must also set out particulars of:

                     (a)  in the case of a contract or guarantee--the proportion of the liability under the contract or guarantee that is to be borne by the Commonwealth; or

                     (b)  in the case of a loan--the proportion (if any) of the risk associated with the loan that is to be borne by the Commonwealth.

             (4)  A notice under subsection (1) must not state the name of any of the parties to a contract or of any person in respect of whom a guarantee has been given by EFIC.