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