Document ID: chunk:federal_register_of_legislation:C2024C00824:section:13
Version: federal_register_of_legislation:C2024C00824
Segment Type: section
Provision Reference: s 13
Character Range: 29633–30273

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.

Part 4—Insurance and financial services and products