Commonwealth Numbered Acts
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EXPORT FINANCE AND INSURANCE CORPORATION ACT 1991
TABLE OF PROVISIONS
Long Title
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
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