Commonwealth Consolidated Acts

EXPORT FINANCE AND INSURANCE CORPORATION ACT 1991 - SECT 49

             (2)  In determining or revising a financial target to be included in a corporate plan, the Board must have regard to:

                     (a)  the need for EFIC to generate reserves sufficient to support expansion of its operations; and

                     (b)  the adequacy of EFIC's capital, having regard to any determinations made by the Board for the purposes of section 56; and

                     (c)  any direction by the Minister under subsection 55(2) for the payment of a dividend by EFIC in respect of the financial year to which the target relates.

Note:          Section 17 of the Commonwealth Authorities and Companies Act 1997 requires the members to prepare corporate plans for EFIC.