Commonwealth Consolidated Acts

EXPORT FINANCE AND INSURANCE CORPORATION ACT 1991 - SECT 6

             (1)  There is established by this Act a corporation called the Export Finance and Insurance Corporation.

             (2)  EFIC:

                     (a)  is a body corporate; and

                     (b)  is to have a seal; and

                     (c)  may acquire, hold and dispose of real and personal property; and

                     (d)  may sue and be sued in its corporate name.

Note:          The Commonwealth Authorities and Companies Act 1997 applies to EFIC. That Act deals with matters relating to Commonwealth authorities, including reporting and accountability, banking and investment, and conduct of officers.

             (3)  The seal of EFIC is to be kept in such custody as the Board directs, and must not be used except as authorised by the Board.

             (4)  All courts, judges and persons acting judicially are to take judicial notice of the imprint of the seal of EFIC appearing on a document and are to presume that the document was duly sealed.