Commonwealth Numbered Acts

EXPORT FINANCE AND INSURANCE CORPORATION ACT 1974 No. 122 of 1974 - SECT 4

4. In this Act, unless the contrary intention appears-



"acting Chairman" means an acting Chairman of the Board appointed under
sub-section 50 (1);



"acting Deputy Chairman" means an acting Deputy Chairman of the Board
appointed under sub-section 50 (2);



"acting Deputy Managing Director" means an acting Deputy Managing Director of
the Corporation appointed under sub-section 60 (2);



"acting Managing Director" means an acting Managing Director of the
Corporation appointed under sub-section 60 (1);



"acting member of the Board" or "acting member" means an acting Chairman, an
acting Deputy Chairman or an acting member of the Board appointed under
sub-section 50 (3);



"appointed member of the Board" or "appointed member" means the Chairman, the
Deputy Chairman or a member of the Board referred to in paragraph 44 (1) (e);



"approved bank" means a bank for the time being approved by the Treasurer for
the purposes of the provision in which the expression occurs;



"approved foreign insurer" means a person who enters into foreign contracts of
indemnity under which that person is the insurer or guarantor, being a person
approved by the Minister for the purposes of this definition;



"Australia" includes the Territories to which this Act extends;



"Board" means the Export Finance and Insurance Corporation Board established
by section 42;



"Chairman" means the Chairman of the Board;



"contract of indemnity" means a contract under which an indemnity or guarantee
is given by the Corporation under section 17, 18, 20, 25 or 26;



"Corporation" means the Export Finance and Insurance Corporation established
by section 7;



"Deputy Chairman" means the Deputy Chairman of the Board;



"Deputy Managing Director" means the Deputy Managing Director of the
Corporation;



"Export Payments Insurance Corporation" means the Export Payments Insurance
Corporation established by the Export Payments Insurance Corporation Act;



"Export Payments Insurance Corporation Act" means the Export Payments
Insurance Corporation Act 1956 or that Act as amended and in force at any time
before the commencement of this Act;



"foreign contract of indemnity" means a contract entered into outside
Australia under which an indemnity or guarantee is given in respect of
monetary loss or other monetary detriment resulting from failure to receive
payment in connexion with, or otherwise arising out of, acts or transactions
in the course of, or for the purpose of, trade or commerce between 2 or more
countries;

* "eligible export transaction" means a transaction that, by virtue of section
37, is an eligible export transaction for the purposes of Part IV;



"guarantee" means a guarantee given by the Corporation under section 16, 19,
21, 22, 23, 24, 34 or 35;



"loan" means a loan of moneys by the Corporation under section 40 or 41;



"Managing Director" means the Managing Director of the Corporation;



"repealed Act" means the Export Payments Insurance Corporation Act.