Export Finance and Insurance Corporation (Transitional Provisions and Consequential Amendments) Act 1991 (Cth)

Export Finance and Insurance Corporation (Transitional Provisions and Consequential Amendments) Act 1991

No. 149, 1991

An Act to enact certain transitional provisions, to make certain amendments in consequence of the enactment of the Export Finance and Insurance Corporation Act 1991, and for related purposes

Contents

Part 1—Preliminary 1 Short title 2 Commencement 3 Expressions defined in the Export Finance and Insurance Corporation Act 1991 4 Interpretation

Part 2—Savings and transitional provisions concerning functions of Commission assumed by EFIC 5 Functions of Commission assumed by EFIC 6 Saving of applications made to, and declarations concerning business of, Commission 7 National interest insurance contracts entered into, and guarantees given, by Commission 8 National interest loans entered into by Commission 9 Final report in relation to Export Finance and Insurance Fund

Part 3—Staff 10 Minister may make declarations 11 Terms and conditions applicable to persons taken to be employed by EFIC 12 Persons previously engaged for specified terms 13 Retention of recreation and sick leave credits etc. 14 Leave of absence taken to have been granted 15 Probation 16 Deductions from salary

Part 4—Assets and liabilities 17 Transfer of certain assets to EFIC 18 Certificates in relation to land and interests in land 19 Transfer of capital to EFIC 20 Assumption of certain liabilities by EFIC 21 Certificates with respect to assets, liabilities and instruments 22 Exemption from taxation

Part 5—Amendments of the Australian Trade Commission Act 1985 23 Principal Act [see Note 2] 24 Interpretation 25 Functions of Commission 26 Membership of Board 27 Remuneration and allowances of appointed members 28 Acting Chairperson and acting Deputy Chairperson 29 Acting member 30 Termination of appointment of appointed members 31 Sections 31 and 32 of the Principal Act are repealed. 32 Part V of the Principal Act is repealed. 33 Sections 51 and 52 of the Principal Act are repealed and the following sections are substituted: 34 Remuneration and allowances 35 Acting Managing Director and acting Deputy Managing Director 36 Resignation 37 38 Commission to develop corporate plans 39 Section 70 of the Principal Act is repealed. 40 Money of the Commission 41 Application of money of Commission 42 Sections 73, 74 and 75 of the Principal Act are repealed. 43 Commission may give security 44 Sections 84, 85, 86 and 87 of the Principal Act are repealed. 45 Delegations by Minister and Managing Director 46 Secrecy 47 Regulations 48 Transitional provision—existing Managing Director 49 Transitional provision—existing Deputy Managing Director