Export Finance and Insurance Corporation Regulations 1991 (Cth)

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

      

1Name of Regulations [see Note 1]

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

2Commencement

 These Regulations commence on 1 November 1991.

3Interpretation

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

4Prescribed 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.

5Maximum 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.

6Limit 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

Year and number	Date of notification in Gazette	Date of commencement	Application, saving or transitional provisions
1991 No. 337	31 Oct 1991	1 Nov 1991
1992 No. 373	30 Nov 1992	30 Nov 1992	—
1994 No. 41	11 Mar 1994	11 Mar 1994	—
1994 No. 380	16 Nov 1994	16 Nov 1994	—
1995 No. 442	22 Dec 1995	22 Dec 1995	—
2002 No. 36	7 Mar 2002	7 Mar 2002	—

Table of Amendments

ad. = added or inserted  am. = amended rep. = repealed rs. = repealed and substituted
Provision affected	How affected
R. 1..........................................	rs. 2002 No. 36
R. 5..........................................	am. 2002 No. 36
R. 6..........................................	am. 1992 No. 373; 1994 Nos. 41 and 380; 1995 No. 442; 2002 No. 36