Second Reading Speeches

Export Finance and Insurance Corporation Amendment (Finance) Bill 2013

Type
Government
Portfolio
Trade and Competitiveness
Originating house
House of Representatives
Status
Act
Parliament no
43

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Summary

Amends the

Export Finance and Insurance Corporation Act 1991
to: allow for the payment of a $200 million special dividend from the Export Finance and Insurance Corporation’s (EFIC) surplus capital in the 2012-13 financial year; enable the minister to direct that future special dividends be made by EFIC; and enable the minister, by legislative instrument, to prescribe an increase in EFIC’s callable capital; and make technical amendments.

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