30Gazettal of national interest contracts etc.

30 Gazettal of national interest contracts etc.

(1) Where EFIC enters into a contract, gives a guarantee or makes a loan in accordance with an approval or direction under this Part, EFIC must cause notice of the contract, guarantee or loan to be published in the Gazette. (2) A notice under subsection (1) must set out the following particulars: (a) in the case of a contract of insurance or indemnity—particulars of the nature and extent of the insurance or indemnity; (b) in the case of a guarantee—particulars of the nature and extent of the guarantee; (c) in the case of a loan—particulars of the amount of the loan and the rate of interest to be charged (if applicable) on the money lent. (3) A notice under subsection (1) must also set out particulars of: (a) in the case of a contract or guarantee—the proportion of the liability under the contract or guarantee that is to be borne by the Commonwealth; or (b) in the case of a loan—the proportion (if any) of the risk associated with the loan that is to be borne by the Commonwealth. (4) A notice under subsection (1) must not state the name of any of the parties to a contract or of any person in respect of whom a guarantee has been given by EFIC.