Document ID: chunk:federal_register_of_legislation:F2022L00955:reg:6
Version: federal_register_of_legislation:F2022L00955
Segment Type: reg
Provision Reference: reg 6
Character Range: 1688–3019

6  Approved causes of loss
  EFIC declares the following causes of loss to be approved causes of loss for the purposes of Part 4 of the Act:
         (a)    expropriation, nationalisation or confiscation of property or any other right or benefit;
         (b)    prevention or restriction of, or imposing requirements on, constructing, operating or dealing with property;
         (c)    damage to, or loss of effective control over, property caused by a war-like operation;
         (d)    inability to transfer money to another country or convert money to another currency and currency depreciation;
         (e)    breach of contractual obligations;
         (f)     inability to perform a contract due to external causes;
         (g)    selective discrimination;
         (h)    amending or removing (without replacement) or failing to issue any licence, permission, approval, right or benefit;
         (i)     imposing requirements or impediments in relation to the acquisition or supply of goods and services (including tender processes), access to public resources or other business operations;
         (j)     preventing or hindering the ability to benefit from the decisions of any court, tribunal, government or regulatory bodies or other authorities; and
         (k)    a judicial or parliamentary act of taxation.