EXPLANATORY STATEMENT
REGULATIONS UNDER THE AUSTRALIAN TRADE
COMMISSION ACT 1985
STATUTORY RULES 1988 NO. 29
Issued by the Authority of the Minister for Industry, Technology and Commerce
Section 97 of the Australian Trade Commission Act 1985 provides that the Governor-General may make Regulations, not inconsistent with the Act, prescribing matters which by the Act are required or permitted to be prescribed, or which are necessary or convenient to be prescribed for carrying out or giving effect to the Act.
The attached Statutory Rules amend the existing Regulations relating to the maximum contingent liabilities which the Commission may accept under its credit insurance and guarantee facilities and under its overseas investment insurance facility.