Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Where EFIC enters into a contract, gives a guarantee or makes a loan in accordance with an approval or direction under this Part, EFIC must cause notice of the contract, guarantee or loan to be published in the Gazette .
(2) A notice under subsection (1) must set out the following particulars:
(a) in the case of a contract of insurance or indemnity--particulars of the nature and extent of the insurance or indemnity;
(b) in the case of a guarantee--particulars of the nature and extent of the guarantee;
(c) in the case of a loan--particulars of the amount of the loan and the rate of interest to be charged (if applicable) on the money lent.
(3) A notice under subsection (1) must also set out particulars of:
(a) in the case of a contract or guarantee--the proportion of the liability under the contract or guarantee that is to be borne by the Commonwealth; or
(b) in the case of a loan--the proportion (if any) of the risk associated with the loan that is to be borne by the Commonwealth.
(4) A notice under subsection (1) must not state the name of any of the parties to a contract or of any person in respect of whom a guarantee has been given by EFIC.