{"id":"F2007L02148","name":"Export Finance and Insurance Corporation Act 1991 - Determination under section 67(1) (04/07/2007)","slug":"export-finance-and-insurance-corporation-act-1991-determination-under-section-67-1-04-07-2007","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":67332,"registerId":"commonwealth-F2007L02148-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"-","sectionType":"part","heading":"-","content":"# ![](image.001.png)\\-","sortOrder":0},{"sectionNumber":"Export Finance and Insurance Corporation","sectionType":"part","heading":"Export Finance and Insurance Corporation Act 1991","content":"# Export Finance and Insurance Corporation Act 1991","sortOrder":1},{"sectionNumber":"DETERMINATION UNDER SECTION 67(1)","sectionType":"part","heading":"DETERMINATION UNDER SECTION 67(1)","content":"# DETERMINATION UNDER SECTION 67(1)\n\nI, WARREN TRUSS, Minister of State for Trade for the Commonwealth of Australia, in the exercise of my powers under section 67(1) of the Export Finance and Insurance Corporation Act 1991 hereby:\n\nREVOKE all Ministerial determinations made under section 67 of the Export Finance and Insurance Corporation Act 1991.\n\nAnd\n\nDETERMINE that the Commonwealth will compensate the Export Finance and Insurance Corporation, by way of subsidy, for any excess of interest paid over interest received on loans provided by the Export Finance and Insurance Corporation and interest rate make-up amounts on indemnities and guarantees provided by the Export Finance and Insurance Corporation in conformity with the minimum fixed interest rates prescribed by the OECD Arrangement on Officially Supported Export Credits.\n\nDATED this 4th day of July 2007.\n\nWARREN TRUSS\n\nMinister for Trade","sortOrder":2}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2374},"content_quality":"ok","complexity_score":3,"scope_assessment":{"changed":false,"description":"This is a routine exercise of the Minister's power under section 67(1) to determine Commonwealth compensation arrangements for EFIC. The scope remains consistent with the original legislative intent to authorise subsidies for officially supported export credits that comply with international obligations."},"complexity_factors":["References to external international treaty documents (OECD Arrangement) not reproduced in the text","Technical export finance terminology ('interest rate make-up', 'indemnities', negative interest spreads)","Assumes familiarity with EFIC's statutory role as Australia's export credit agency","Conditional application limited to OECD-compliant transactions"],"plain_english_summary":"This instrument creates a taxpayer-funded subsidy for the Export Finance and Insurance Corporation (EFIC), compensating the agency when it loses money on export financing—specifically from negative interest spreads on loans or interest-rate make-up payments on guarantees and indemnities.  \n\nIt only applies where EFIC operates within the OECD Arrangement on Officially Supported Export Credits. The change helps EFIC offer concessional finance to support Australian exporters, with the Commonwealth covering the funding gap."}},"importantCases":[],"_links":{"self":"/api/acts/export-finance-and-insurance-corporation-act-1991-determination-under-section-67-1-04-07-2007","history":"/api/acts/export-finance-and-insurance-corporation-act-1991-determination-under-section-67-1-04-07-2007/history","analysis":"/api/acts/export-finance-and-insurance-corporation-act-1991-determination-under-section-67-1-04-07-2007/analysis","conflicts":"/api/acts/export-finance-and-insurance-corporation-act-1991-determination-under-section-67-1-04-07-2007/conflicts","importantCases":"/api/acts/export-finance-and-insurance-corporation-act-1991-determination-under-section-67-1-04-07-2007/important-cases","documents":"/api/acts/export-finance-and-insurance-corporation-act-1991-determination-under-section-67-1-04-07-2007/documents"}}