Document ID: chunk:federal_register_of_legislation:C2024C00824:section:65:p2
Version: federal_register_of_legislation:C2024C00824
Segment Type: section
Provision Reference: s 65 (pt 2/2)
Character Range: 83552–84176

to the Commonwealth in respect of the contract or guarantee—EFIC may deduct from the amount the proportion of the amount that equals the proportion specified in the notice; and
 (b) the liability of the Commonwealth to EFIC under subsection (6) or (8), as the case may be, in relation to the contract or guarantee is reduced by the proportion specified in the notice.
 (10) EFIC may deduct from any amount that it is required to pay under subsection (4) an administration fee, to be ascertained in such manner as the Finance Minister directs in writing, in relation to contracts and guarantees to which this section applies.