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Export Finance and Insurance Corporation Act 1991
13Formation of companies, partnerships etc.
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#### 13 Formation of companies, partnerships etc.
(1) EFIC may:
(a) arrange for the formation of a company; or
(b) join in the formation of a company, partnership, joint venture or other business association;
for any purpose connected with, or incidental to, EFIC’s functions.
(2) EFIC may only exercise a power under subsection (1) if:
(a) the exercise of the power would be consistent with the achievement of the objectives of EFIC as set out in the corporate plan in force at the time; and
(b) the power is exercised on terms and conditions approved in writing by the Minister.