Australian Government, 2012‑13 Budget

Part 1: Revenue Measures (Continued)

Foreign Affairs and Trade

Export Finance and Insurance Corporation — special dividend

Revenue ($m)
2011‑12 2012‑13 2013‑14 2014‑15 2015‑16
Department of Foreign Affairs and Trade 200.0

The Export Finance and Insurance Corporation (EFIC) will pay a special dividend of $200 million in 2012‑13 from excess capital reserves. EFIC's capital adequacy ratio is well above its internal benchmark, and payment of this dividend will not affect EFIC's ability to meet its core business requirements.

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