EXPORT FINANCE AND INSURANCE CORPORATION ACT 1991
Table of Provisions
- 1 Short title
- 2 Commencement
- 3 Interpretation
- 4 Extension to Territories
- 5 Application of Act outside Australia
- 6 Establishment of EFIC
- 7 Functions of EFIC
- 8 Primary duties of EFIC
- 9 Ministerial directions to EFIC
- 10 Reimbursement of cost of complying with directions
- 11 General powers of EFIC
- 12 Offices of EFIC
- 13 Formation of companies, partnerships etc.
- 14 Export payments insurance contracts
- 15 Reinsurance etc. in relation to business of EFIC
- 16 Guarantees and subsidies in relation to loans to Australian suppliers
- 17 Guarantees and subsidies in relation to loans to overseas buyers etc.
- 18 Guarantees to co-lenders in relation to export transactions
- 19 Tender guarantees and performance guarantees
- 20 Reinsurance of guarantees, insurance etc. relating to export business etc.
- 21 Approved causes of loss
- 22 Insurance in respect of overseas investment transactions
- 23 Loans to finance eligible export transactions
- 24 Interpretation
- 25 Reference of applications to Minister
- 26 Ministerial directions regarding reference of applications
- 27 Approval of EFIC entering into contracts etc.
- 28 Conditional approvals
- 29 Ministerial directions regarding entry into national interest contracts etc.
- 30 Gazettal of national interest contracts etc.
- 31 Reinsurance etc. in relation to EFIC business under Part 5
- 32 Establishment of the Board
- 33 Functions of the Board
- 34 Membership of the Board
- 35 Term of office and conditions of office of members
- 36 Age limitations on appointment
- 37 Remuneration etc. of appointed members
- 38 Acting Chairperson and acting Deputy Chairperson
- 39 Acting members
- 40 Leave of absence of appointed members
- 41 Resignation of appointed members
- 42 General provision for termination of appointment of appointed members
- 43 Termination of appointment of appointed members at instance of Board or for non-performance etc.
- 44 Meetings of the Board
- 45 Disclosure of interests
- 46 Resolutions without meetings
- 47 Committees
- 48 Corporate plans
- 49 Matters to be included in corporate plans
- 50 Approval of corporate plans
- 51 Variation of corporate plans
- 52 Capital of EFIC
- 53 Transfers to capital from reserves
- 54 Callable capital of EFIC
- 55 Payment of dividends to the Commonwealth
- 56 Maintenance of adequate capital and reserves
- 57 Estimates
- 58 Borrowings from the Commonwealth
- 59 Other borrowings
- 60 Security
- 61 Limitation on borrowing etc.
- 62 Guarantee by Commonwealth
- 63 Exemptions from taxation
- 64 Transactions in the national interest: EFIC share of liability
- 65 Contracts and guarantees in the national interest
- 66 Loans made in the national interest
- 67 Subsidy to EFIC
- 68 Maximum contingent liability under Part 4
- 69 Limit of total amount of loans under Part 4
- 70 Application of Division 2 of Part XI of the Audit Act 1901
- 71 Appointment of Managing Director and Deputy Managing Director
- 72 Appointments to be full-time and at Board's pleasure
- 73 Terms and conditions of appointment
- 74 Disclosure of interests
- 75 Exclusion from certain Board deliberations
- 76 Age limitations on appointment
- 77 Duties of Managing Director and Deputy Managing Director
- 78 Outside employment
- 79 Acting Managing Director and acting Deputy Managing Director
- 80 Resignation
- 81 Use of name of Corporation
- 82 Application of the Lands Acquisition Act 1989
- 83 Delegations by Minister and Managing Director
- 84 Delegation by the Board
- 85 Annual reports
- 86 EFIC's obligation to keep the Minister informed
- 87 Secrecy
- 88 Offences
- 89 Effectiveness of acts of EFIC
- 90 Staff
- 91 Regulations