Export Payments Insurance Corporation Regulations (Amendment) (Cth)

STATUTORY RULES

1972 No. 15

 

REGULATIONS UNDER THE EXPORT PAYMENTS INSURANCE CORPORATION ACT 1956-1971.*

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Export Payments Insurance Corporation Act 1955-1971.

Dated this twenty-fourth day of January, 1972.

Paul Hasluck

Governor-General.

By His Excellency’s Command,

(Sgd.) DOUG ANTHONY

Minister of State for Trade and Industry.

 

Amendments of the Export Payments Insurance Corporation Regulations

After regulation 8 of the Export Payments Insurance Corporation Regulations the following regulations are added:—

Minimum consideration for guarantees.

“9. For the purposes of paragraph (c) of sub-section (2.) of section 13d of the Act, the amount is One thousand dollars.

Minimum advances for guarantees.

“10. For the purposes of paragraph (a) of sub-section (2.) of section 16bb and paragraph (a) of sub-section (3.) of section 16bc of the Act, the amount is Two hundred thousand dollars.

Maximum percentage of guarantees.

“11. For the purposes of paragraph (b) of sub-section (2.) of section 16bb and paragraph (b) of sub-section (3.) of section 16bc of the Act, the percentage is eighty per cent.

Minimum percentage of amount for guarantees.

“12. For the purposes of paragraph (c) of sub-section (2.) of section 16bb and paragraph (c) of sub-section (3.) of section 16bc of the Act, the percentage is sixty-five per cent.”.

 

* Notified in the Commonwealth Gazette on 1972.

  Statutory Rules 1965, No. 144, as amended by Statutory Rules 1966, No. 20; and 1970, No. 92.

Printed by Authority by the Government Printer or the Commonwealth of Australia

23921/71—Price 5c 9/20.12.1971