Export Finance and Insurance Corporation Regulations 1991

Statutory Rules 1991 No. 337 as amended

made under the

Export Finance and Insurance Corporation Act 1991

This compilation was prepared on 7 March 2002
taking into account amendments up to SR 2002 No. 36

Prepared by the Office of Legislative Drafting,
Attorney-General’s Department, Canberra

Contents

Page

 1 Name of Regulations [see Note 1] 

 2 Commencement 

 3 Interpretation 

 4 Prescribed allowances — appointed members 

 5 Maximum contingent liability under Part 4 of the Act 

 6 Limit of total amount of loans under Part 4 of the Act 

Notes 

1 Name of Regulations [see Note 1]

  These Regulations are the Export Finance and Insurance Corporation Regulations 1991.

2 Commencement

  These Regulations commence on 1 November 1991.

3 Interpretation

  In these Regulations, the Act means the Export Finance and Insurance Corporation Act 1991.

4 Prescribed allowances — appointed members

  For the purposes of paragraph 37 (1) (b) of the Act, the allowances payable to an appointed member who performs duties outside Australia are the allowances payable in similar circumstances to the Secretary of a Department of the Australian Public Service.

5 Maximum contingent liability under Part 4 of the Act

 (1) For the purposes of paragraph 68 (1) (a) of the Act, the amount of $4 900 000 000 is prescribed.

 (2) For the purposes of paragraph 68 (1) (b) of the Act, the amount of $1 150 000 000 is prescribed.

6 Limit of total amount of loans under Part 4 of the Act

 (1) For the purposes of subsection 69 (1) of the Act, the amount of $1 800 000 000 is prescribed.

 (2) In calculating, for the purposes of section 69 of the Act, the total amount of money lent by EFIC under Part 4 of the Act and not repaid or written off, an amount of money lent in foreign currency must be expressed in Australian currency by applying the relevant rate of exchange that prevailed on the date when the amount of money was lent.

Notes to the Export Finance and Insurance Corporation Regulations 1991

Note 1

The Export Finance and Insurance Corporation Regulations 1991 (in force under the Export Finance and Insurance Corporation Act 1991) as shown in this compilation comprise Statutory Rules 1991 No. 337 amended as indicated in the Tables below.

Table of Statutory Rules

Table of Amendments