Commonwealth Numbered Regulations - Explanatory Statements

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AUSTRALIAN TRADE COMMISSION REGULATIONS (AMENDMENT) 1991 NO. 336

STATUTORY RULES 1991 No. 336

Issued by the Authority of the Minister for Industry, Technology and Commerce

Australian Trade Commission Act 1985

Australian Trade Commission Regulations (Amendment)

These Regulations repeal certain regulations which are redundant following the establishment of the Export Finance and Insurance Corporation by the Export Finance and Insurance Corporation Act 1991 as a statutory corporation separate from the Australian Trade Commission.

Regulation 1: Commencement

Provides for the Regulations to commence on 1 November 1991.

Regulation 2: Amendment

This is a declaratory provision.

Regulation 3: Regulation 5 (Maximum contingent liability - Division 2 of Part V of the Act)

Repeals regulation 5 which is redundant following the establishment of the Export Finance and Insurance Corporation as a statutory corporation separate from the Australian Trade Commission by the Export Finance and Insurance Corporation Act 1991.

Regulation 4: Regulation 6 (Maximum contingent liability - Division 3 of Part V of the Act)

Provides for the repeal of regulation 6 which is redundant for the same reason as regulation 5.

Regulation 5: Regulation 7 (Maximum amount of loans given by Commission)

Provides for the repeal of regulation 7 which is redundant for the same reason as regulations 5 and 6.