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Northern Australia Infrastructure Facility (Consequential Amendments) Bill 2016

Schedule 1 Amendments

   

Export Finance and Insurance Corporation Act 1991

1  Subsection 3(1)

Insert:

EFIC’s Northern Australia economic infrastructure functions means the functions set out in paragraphs 7(1)(da) and (db).

Northern Australia economic infrastructure has the same meaning as in the Northern Australia Infrastructure Facility Act 2016 .

2  After paragraph 7(1)(d)

Insert:

                   (da)  to assist the Northern Australia Infrastructure Facility in the performance of the functions of the Facility;

                   (db)  as agreed between EFIC and the States and Territories, to provide incidental assistance to the States and Territories in relation to financial arrangements and agreements related to the terms and conditions of grants of financial assistance for the construction of Northern Australia economic infrastructure;

3  At the end of section 8

Add:

             (3)  Apart from paragraph (2)(a), subsections (1) and (2) do not apply in relation to EFIC’s Northern Australia economic infrastructure functions.

4  At the end of section 9

Add:

             (6)  Subsection (5) does not apply in relation to EFIC’s Northern Australia economic infrastructure functions.

5  After section 84

Insert:

84A   Fees for Northern Australia economic infrastructure services

             (1)  EFIC may charge fees for services it provides in performing its Northern Australia economic infrastructure functions.

             (2)  A fee must not be such as to amount to taxation.