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Export Finance Australia
Export Finance Australia, previously known as the Export Finance and Insurance Corporation (EFIC), is Australia's export credit agency and has worked within various statutory frameworks since 1957. Export Finance Australia was established in its current form on 1 November 1991 under the Export Finance and Insurance Corporation Act 1991 (Cth) as a statutory corporation wholly owned by the Commonwealth of Australia. Export Finance Australia reports to Australia's Minister for Trade, Tourism and Investment, and is part of the Department of Foreign Affairs and Trade. In April 2020, during the COVID-19 pandemic, the Morrison Government announced that Export Finance Australia would administer a $500-million credit facility for small and medium exporters. The COVID-19 Export Capital Facility was available until April 8, 2021. Criticism In 2014, it was reported that the EFIC had provided over 20 letters of credit to Shark Bay Salt since the 2009-10 financial year, despite the company be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Australia
The Australian Government, also known as the Commonwealth Government, is the national government of Australia, a federalism, federal parliamentary system, parliamentary constitutional monarchy. Like other Westminster system, Westminster-style systems of government, the Australian Government is made up of three branches: the executive (the Prime Minister of Australia, prime minister, the Ministers of the Crown, ministers, and government departments), the legislative (the Parliament of Australia), and the Judiciary of Australia, judicial. The legislative branch, the federal Parliament, is made up of two chambers: the House of Representatives (Australia), House of Representatives (lower house) and Australian Senate, Senate (upper house). The House of Representatives has 151 Member of parliament, members, each representing an individual electoral district of about 165,000 people. The Senate has 76 members: twelve from each of the six states and two each from Australia's internal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Managing Director
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranking offic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chief Financial Officer
The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financial reporting. In some sectors, the CFO is also responsible for analysis of data. Some CFOs have the title CFOO for chief financial and operating officer. In the majority of countries, finance directors (FD) typically report into the CFO and FD is the level before reaching CFO. The CFO typically reports to the chief executive officer (CEO) and the board of directors and may additionally have a seat on the board. The CFO supervises the finance unit and is the chief financial spokesperson for the organization. The CFO directly assists the chief operating officer (COO) on all business matters relating to budget management, cost–benefit analysis, forecasting needs, and securing of new funding. Qualification Most CFOs of large companies hav ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department Of Foreign Affairs And Trade (Australia)
The Department of Foreign Affairs and Trade (DFAT) is the department of the Australian federal government responsible for foreign policy and relations, international aid (using the branding Australian Aid), consular services and trade and investment (including trade and investment promotion Austrade). In 2021, DFAT allocated USD 3.4 billion of official development assistance, equivalent to 0.22% of gross national income. The head of the department is its secretary, presently Jan Adams. She reports to the Penny Wong, the Minister for Foreign Affairs. History The department finds its origins in two of the seven original Commonwealth Departments established following Federation in 1901: the Department of Trade and Customs and the Department of External Affairs (DEA), headed by Harry Wollaston and Atlee Hunt respectively. The first DEA was abolished on 14 November 1916 and its responsibilities were undertaken by the Prime Minister's Department and the Department of Home and Ter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Export Credit Agency
An export credit agency (known in trade finance as an ECA) or investment insurance agency is a private or quasi-governmental institution that acts as an intermediary between national governments and exporters to issue export insurance solutions and guarantees for financing. The financing can take the form of credits (financial support) or credit insurance and guarantees (pure cover) or both, depending on the mandate the ECA has been given by its government. ECAs can also offer credit or cover on their own account. This does not differ from normal banking activities. Some agencies are government-sponsored, others private, and others a combination of the two. ECAs currently finance or underwrite about US$430 billion of business activity abroad – about US$55 billion of which goes towards project finance in developing countries – and provide US$14 billion of insurance for new foreign direct investment, dwarfing all other official sources combined (such as the World Bank and Regio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commonwealth Of Australia
Australia, officially the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands. With an area of , Australia is the largest country by area in Oceania and the world's sixth-largest country. Australia is the oldest, flattest, and driest inhabited continent, with the least fertile soils. It is a megadiverse country, and its size gives it a wide variety of landscapes and climates, with deserts in the centre, tropical rainforests in the north-east, and mountain ranges in the south-east. The ancestors of Aboriginal Australians began arriving from south east Asia approximately 65,000 years ago, during the last ice age.religious_traditions_in_the_world._Australia's_history_of_Australia.html" ;"title="The_Dreaming.html" ;"title="Aboriginal_Art.html" "title="he Story of Australia's People, Volume 1: The Rise and Fall of Ancient Australia, Penguin Books Australia Ltd., Vic., ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minister For Trade, Tourism And Investment
The Minister for Trade and Tourism is a portfolio in the Government of Australia, falling within the Department of Foreign Affairs and Trade (DFAT). The position is currently held by Senator Don Farrell, sworn in as part of the Albanese ministry on 1 June 2022, following the Australian federal election in 2022. The minister is assisted by the Assistant Minister for Trade, held by Senator Tim Ayres. Portfolio In the Government of Australia, the minister and assistant minister(s) administer the portfolio through the Department of Foreign Affairs and Trade (DFAT) jointly with the Minister for Foreign Affairs. Other trade-related bodies for which the minister and assistant minister are responsible are: * Austrade * Export Finance Australia * Tourism Australia DFAT was created in 1987 through the merger of the Department of Foreign Affairs and the Department of Trade. In sequence, the trade portfolio has been administered by the following departments: * Department of Trade and C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
COVID-19 Pandemic In Australia
The COVID-19 pandemic in Australia is part of the ongoing worldwide pandemic of the coronavirus disease 2019 () caused by severe acute respiratory syndrome coronavirus 2 (). The first confirmed case in Australia was identified on 25 January 2020, in Victoria, when a man who had returned from Wuhan, Hubei Province, China, tested positive for the virus. , Australia has reported over 9,588,977 cases, over 9,224,255 recoveries, and 12,200 deaths. Victoria's second wave having the highest fatality rate per case. In March 2020, the Australian government established the intergovernmental National Cabinet and declared a human biosecurity emergency in response to the outbreak. Australian borders were closed to all non-residents on 20 March, and returning residents were required to spend two weeks in supervised quarantine hotels from 27 March. Many individual states and territories also closed their borders to varying degrees, with some remaining closed until late 2020, and contin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Morrison Government
The Morrison government was the federal executive government of Australia, led by Prime Minister Scott Morrison of the Liberal Party of Australia, between 2018 and 2022. The Morrison government commenced on 24 August 2018, when it was sworn in by the Governor-General of Australia. It was composed of members of the Liberal– National Coalition and succeeds the Abbott (2013–2015) and Turnbull (2015–2018) coalition governments in office, competing against the Australian Labor Party as the major Opposition party. Nationals Leader Michael McCormack served as Deputy Prime Minister of Australia from the formation of the Morrison government until June 2021. He was replaced as Leader of the Nationals and Deputy Prime Minister by Barnaby Joyce. Scott Morrison served as Treasurer in the Turnbull government and became Prime Minister following the resignation of Malcolm Turnbull in 2018. The Coalition had been led to government at the 2013 Election by Tony Abbott, however Malcol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mitsui & Co
is one of the largest ''sogo shosha'' (general trading companies) in Japan; it is part of the Mitsui Group. History The company was established in 1876 with 16 members including the founder, Takashi Masuda. As Japan's international trading was dominated by foreigners since the end of the Edo period, it aimed to expand business owned by Japanese citizens. By the end of World War II, it became a dominant trading giant, but was dissolved by the order of GHQ. The current Mitsui & Co. was established in 1947 as Daiichi Bussan Kaisha, Ltd. (''First Bussan Corporation Ltd''). In 1959, it merged with several other trading companies and changed its name to Mitsui & Co., Ltd. During Japan's period of rapid postwar economic growth, the firm was a key player in several major natural resources projects. In 1971, it took a stake in an offshore gas field near Das Island in Abu Dhabi, which supplies liquefied natural gas to Japan on an exclusive basis; it invested in a major Western Austra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Commission Of Audit
The National Commission of Audit was a commission formed by the Abbott Government on 22 October 2013 as an independent body to review and report on the performance, functions and roles of the Commonwealth government. The chair of the Commission was Tony Shepherd AO who is a former head of the Business Council of Australia. The other Commissioners were Peter Boxall AO, Tony Cole AO, Robert Fisher AM and Amanda Vanstone. The Terms of Reference for the Commission was to make recommendations to return the budget to a sustainable surplus of 1% of GDP by 2023/24. The Commission was not asked to examine the revenue side of the budget, though it looked at some revenue issues. The Commission's report was the first full scale review of government expenditures for 18 years. Recommendations The Commission Report was titled ''Towards Responsible Government'' and published in two parts. Phase One Report, published in February 2014, dealt predominantly with improving the sustainability of finan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
