Export Finance and Insurance Corporation Amendment (Direct Lending and Other Measures) Bill 2014

Type: Government
Portfolio: Trade and Investment
Originating house: House of Representatives
Status: Act
Parliament no: 44

Summary

Amends the Export Finance and Insurance Corporation Act 1991 to: expand the Export Finance and Insurance Corporation’s (EFIC) powers to enable direct lending for export transactions involving all goods (not just capital goods); and require EFIC to pay a debt neutrality charge or guarantee fee, and a tax equivalent payment, in relation to all its operations.

Progress

House of Representatives
Introduced and read a first time	22 Oct 2014
Second reading moved	22 Oct 2014
Second reading debate	25 Nov 2014
Referred to Federation Chamber	25 Nov 2014
Second reading debate	26 Nov 2014
Second reading agreed to	26 Nov 2014
Reported from Federation Chamber	26 Nov 2014
Third reading agreed to	26 Nov 2014

Senate
Introduced and read a first time	27 Nov 2014
Second reading moved	27 Nov 2014
Second reading debate	04 Mar 2015
Second reading agreed to	04 Mar 2015
Third reading agreed to	04 Mar 2015


Finally passed both Houses	04 Mar 2015
Assent Act no.: 18 Year: 2015	19 Mar 2015

Documents and transcripts

Text of bill

First reading

As passed by both Houses

Explanatory memoranda

Explanatory memorandum

Transcript of speeches

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Bills digest

Bills Digest

Notes

Referred to Committee (27/11/2014): Senate Foreign Affairs, Defence and Trade Legislation Committee; Committee report (11/02/2015)
An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)

Helpful information

Text of bill

First reading: Text of the bill as introduced into the Parliament
Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changes to the bill. For details about the outcome of proposed amendments please refer to either the Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

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