CTHIn ForceAct
Export Finance and Insurance Corporation Act 1991
23CApproval required before providing services or products to finance certain coal, crude oil or natural gas activities
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#### 23C Approval required before providing services or products to finance certain coal, crude oil or natural gas activities
Despite any other provision of this Part, EFIC must not provide a service or product under this Part that would:
(a) directly finance the extraction of coal, crude oil or natural gas; or
(b) directly finance the construction of infrastructure for the primary purpose of extracting coal, crude oil or natural gas; or
(c) directly finance investments for the sole purpose of the use of coal, crude oil or natural gas;
unless an application for the service or product has been referred to the Minister under section 25.
> Note: A direction under section 26 may prevent such applications from being referred to the Minister. EFIC cannot provide a service or product covered by this section in those circumstances.