Commonwealth Consolidated Acts

EXPORT FINANCE AND INSURANCE CORPORATION ACT 1991 - SECT 62A

  (1)   The Minister may inform EFIC in writing of arrangements that are to apply to EFIC in relation to guarantee fees to be paid by EFIC to the Commonwealth.

  (2)   The arrangements may specify:

  (a)   the period in respect of which a guarantee fee is payable; and

  (b)   the amount of the fee, or the way in which it is to be worked out; and

  (c)   the period within which the amount must be paid by EFIC to the Commonwealth.

  (3)   EFIC must pay guarantee fees to the Commonwealth in accordance with the arrangements.

  (4)   The Minister may at any time, in writing, vary or revoke arrangements made under this section.