Commonwealth Consolidated Acts

EXPORT FINANCE AND INSURANCE CORPORATION ACT 1991 - SECT 13

  (1)   EFIC may:

  (a)   arrange for the formation of a company; or

  (b)   join in the formation of a company, partnership, joint venture or other business association;

for any purpose connected with, or incidental to, EFIC's functions.

  (2)   EFIC may only exercise a power under subsection   (1) if:

  (a)   the exercise of the power would be consistent with the achievement of the objectives of EFIC as set out in the corporate plan in force at the time; and

  (b)   the power is exercised on terms and conditions approved in writing by the Minister.