EXPORT PAYMENTS
INSURANCE CORPORATION.
No.
1 of 1959.
An Act to amend the Export Payments Insurance Corporation Act 1956.
[Assented to 25th March,
1959.]
BE it enacted by the Queen’s Most Excellent
Majesty, the Senate, and the House of Representatives of the Commonwealth of
Australia, as follows:—
Short title and citation.
1.—(1.) This Act may be cited as the Export Payments Insurance Corporation Act 1959.
(2.) The Export Payments Insurance
Corporation Act 1956 is in this Act referred to as the Principal Act.
(3.) The Principal Act, as amended by this Act, may be cited as the Export Payments Insurance Corporation Act 1956–1959.
Commencement.
2.—(1.) Subject to this section, this Act shall come
into operation on the day on which it receives the Royal Assent.
(2.) Section
three of this Act shall be deemed to have come into operation on the date of commencement
of the Principal Act.
Terms and conditions of employment.
3. Section eighteen of the Principal Act is
amended by omitting from sub-section (3.) the words “this section” (first
occurring) and inserting in their stead the words “this Act”.
Capital of Corporation.
4. Section twenty-three of the Principal Act is
amended by omitting from sub-section (1.) the words “Five hundred thousand pounds”
and inserting in their stead the words “One million pounds”.
Maximum liability.
5.