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1987 No. 280 COMMONWEALTH BORROWING LEVY REGULATIONS - REG 3

Exempt borrowings
3. For the purposes of section 5 of the Act, each of the following borrowings
is exempted from levy imposed by that section:

   (a)  borrowings applied to the financing of contracts of insurance or
        indemnity entered into by the Australian Trade Commission in
        accordance with an approval given pursuant to subsection 44 (3) of the
        Australian Trade Commission Act 1985; (b) borrowings applied to the
        financing of liabilities arising pursuant to guarantees given by the
        Australian Trade Commission in accordance with an approval given
        pursuant to subsection 44 (3) of the Australian Trade Commission Act
        1985;

   (c)  borrowings applied to the financing of contracts of insurance or
        indemnity entered into by the Australian Trade Commission in
        accordance with a direction given pursuant to subsection 44 (5) of the
        Australian Trade Commission Act 1985;

   (d)  borrowings applied to the financing of liabilities arising pursuant to
        guarantees given by the Australian Trade Commission in accordance with
        a direction given pursuant to subsection 44 (5) of the Australian
        Trade Commission Act 1985;

   (e)  borrowings applied to the financing of contracts of insurance entered
        into by the Australian Trade Commission in accordance with an approval
        given pursuant to subsection 48 (3) of the Australian Trade Commission
        Act 1985;

   (f)  borrowings applied to the financing of contracts of insurance entered
        into by the Australian Trade Commission in accordance with a direction
        given pursuant to subsection 48 (5) of the Australian Trade Commission
        Act 1985;

   (g)  borrowings applied to the financing of loans made by the Australian
        Trade Commission in accordance with an approval given pursuant to
        subsection 50 (3) of the Australian Trade Commission Act 1985;

   (h)  borrowings applied to the financing of loans made by the Australian
        Trade Commission in accordance with a direction given pursuant to
        subsection 50 (5) of the Australian Trade Commission Act 1985. 


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