Commonwealth Consolidated Acts

EXPORT FINANCE AND INSURANCE CORPORATION ACT 1991 - SECT 61A

             (1)  The Minister may inform EFIC in writing of arrangements that are to apply to EFIC in relation to a debt neutrality charge to be paid by EFIC to the Commonwealth in respect of short‑term insurance contracts entered into by EFIC.

             (2)  The arrangements may specify:

                     (a)  the period in respect of which a debt neutrality charge is payable; and

                     (b)  the amount of the charge, or the way in which it is to be worked out; and

                     (c)  the period within which the amount must be paid by EFIC to the Commonwealth.

             (3)  EFIC must pay a debt neutrality charge to the Commonwealth in accordance with the arrangements.

             (4)  The Minister may at any time, in writing, vary or revoke arrangements made under this section.