Federal Register of Legislation
Export Finance and Insurance Corporation Amendment Act 2000
No. 11, 2000
Export Finance and Insurance Corporation Amendment Act 2000
No. 11, 2000
An Act to amend the law relating to the Export Finance and Insurance Corporation, and for related purposes
Contents 1 Short title................................... 2 Commencement............................... 3 Schedule(s)..................................
Schedule 1—Amendment of the Export Finance and Insurance Corporation Act 1991
Schedule 2—Amendment of other Acts Insurance (Agents and Brokers) Act 1984 Insurance Contracts Act 1984
Export Finance and Insurance Corporation Amendment Act 2000
No. 11, 2000
An Act to amend the law relating to the Export Finance and Insurance Corporation, and for related purposes
[Assented to 15 March 2000]
The Parliament of Australia enacts:
1 Short title
This Act may be cited as the Export Finance and Insurance Corporation Amendment Act 2000.
2 Commencement
(1) Subject to this section, this Act commences on the day on which it receives the Royal Assent.
(2) Item 4 of Schedule 1 is taken to have commenced on 1 July 1998.
(3) Subject to subsection (4), items 2, 3 and 4 of Schedule 2 commence on a day to be fixed by Proclamation.
(4) If the items referred to in subsection (3) do not commence under that subsection before 1 July 2000, they commence on that day.
3 Schedule(s)
Subject to section 2, each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.
Schedule 1—Amendment of the Export Finance and Insurance Corporation Act 1991
1 Subsection 3(1) Insert:
short‑term insurance contract means an export payments insurance contract under section 14 that covers a loss or detriment arising out of a contract or arrangement whose initial payment term is no longer than 360 days, but does not include an export payments insurance contract that EFIC has entered into, whether wholly or partly, in accordance with an approval or direction under Part 5.
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