Commonwealth Numbered Acts

EXPORT FINANCE AND INSURANCE CORPORATION ACT 1974 No. 122 of 1974 - SECT 34

Division 5-Guarantees in relation to Certain Export Transactions
34. Where, for the purpose of financing, in whole or in part, an eligible
export transaction-

   (a)  the Corporation has lent, or proposes to lend, moneys under section 40
        to any person or persons; and

(b) another person (in this section referred to as the "co-lender"), by
arrangement with the Corporation, has also lent, or proposes to lend, moneys,
to that person or persons, or to another person or persons, the Corporation
may guarantee to the co-lender the repayment of the whole or any part of the
moneys lent, or to be lent, by the co-lender and the payment of the whole or
any part of any interest or other charges that may become payable to the
co-lender in respect of the moneys lent, or to be lent, by the co-lender.