Commonwealth Numbered Acts

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EXPORT FINANCE AND INSURANCE CORPORATION ACT 1974


TABLE OF PROVISIONS

   1.      Short title.  
   2.      Commencement.  
   3.      Repeal.  
   4.      Definitions.  
   5.      Extension to Territories.  
   6.      Application of Act outside Australia.  
   7.      Establishment of Corporation.  
   8.      Duties of Corporation.  
   9.      General powers of Corporation.  
   10.     Insurance and guarantee business.  
   11.     Questions of policy.  
   12.     Contracts of indemnity in relation to business of Corporation.  
   13.     Export payments insurance contracts in relation to overseas trade.  
   14.     Export payments insurance contracts in relation to trade with external Territories.  
   15.     Percentage of loss that may be insured under export payments insurance contracts.  
   16.     Guarantees in relation to export payments insurance contracts.  
   17.     Contracts of indemnity in relation to transactions with overseas countries.  
   18.     Contracts of indemnity in relation to transactions with external Territories.  
   19.     Guarantees in relation to foreign contracts of indemnity.  
   20.     Contracts in national interest.  
   21.     Guarantees in relation to national interest contracts.  
   22.     Guarantees in relation to loans to overseas buyers.  
   23.     Guarantees in relation to loans to buyers in external Territories.  
   24.     Guarantees in national interest.  
   25.     Contracts of indemnity in relation to persons guaranteeing loans to overseas buyers.  
   26.     Contracts of indemnity in relation to persons guaranteeing loans to buyers in external Territories.  
   27.     Interpretation.  
   28.     Approved cause of loss.  
   29.     Applications for insurance.  
   30.     Reference of applications to Minister.  
   31.     Minister may give directions with respect to insurance to be provided under insurance contracts.  
   32.     Corporation to enter into insurance contracts in accordance with Minister's approval.  
   33.     Insurance to be restricted to non-commercial risks, &c.  
   34.     Guarantees in relation to certain export transactions.  
   35.     Guarantees in national interest.  
   36.     Export finance business.  
   37.     Eligible export transactions.  
   38.     Encouragement of financing of eligible export transactions by Australian banks, &c.  
   39.     Questions of policy.  
   40.     Financing of eligible export transactions.  
   41.     Loans in national interest.  
   42.     Establishment of Board.  
   43.     Functions of Board.  
   44.     Membership of Board.  
   45.     Delegation by Board.  
   46.     Remuneration and allowances.  
   47.     Leave of absence.  
   48.     Resignation.  
   49.     Termination of appointment.  
   50.     Acting appointments.  
   51.     Meetings of Board.  
   52.     Managing Director and Deputy Managing Director.  
   53.     Duties of Managing Director and Deputy Managing Director.  
   54.     Appointment and term of office.  
   55.     Managing Director and Deputy Managing Director not to engage in other work.  
   56.     Remuneration and allowances.  
   57.     Leave of absence.  
   58.     Resignation.  
   59.     Termination of appointment.  
   60.     Acting appointments.  
   61.     Appointment of officers.  
   62.     Terms and conditions of employment of officers.  
   63.     Temporary and casual employees.  
   64.     Superannuation.  
   65.     Officers' Rights Declaration Act.  
   66.     Financial policy of Corporation.  
   67.     Capital of Corporation.  
   68.     Borrowing by Corporation.  
   69.     Guarantee by Australia.  
   70.     Bank accounts.  
   71.     Application of moneys.  
   72.     Proper accounts to be kept.  
   73.     Contracts and guarantees in national interest.  
   74.     Loans in national interest.  
   75.     Provision in the nature of reserves.  
   76.     Maximum contingent liability.  
   77.     Maximum amount of loans.  
   78.     Profits of Corporation.  
   79.     Audit.  
   80.     Liability to taxation.  
   81.     Reports to Minister.  
   82.     Application of laws to Corporation.  
   83.     Validity of contracts, guarantees and loans.  
   84.     Delegation of powers of Minister.  
   85.     Secrecy.  
   86.     False statements.  
   87.     Jurisdiction of courts.  
   88.     Annual report of Corporation.  
   89.     Quarterly return of liabilities.  
   90.     Regulations.  
   91.     Definitions.  
   92.     Transfer of assets and liabilities.  
   93.     Instruments.  
   94.     Certificates with respect to assets, liabilities and instruments.  
   95.     Exemption from taxation.  
   96.     Transitional provisions specified in Schedule 2.  
   97.     National interest insurance contracts entered into, and guarantees given, by Export Payments Insurance Corporation.  
   98.     Final report of operations of Export Payments Insurance Corporation.  
   99.     Transfer of staff and retention of accrued rights.  
           SCHEDULE 1
           SCHEDULE 2


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