Our governance

We are a corporate Commonwealth entity and are governed by the provisions of the Export Finance and Insurance Corporation Act 1991 (EFIC Act) and the Public Governance, Performance and Accountability Act 2013 (PGPA Act).

We are part of the Australian Government’s Foreign Affairs and Trade Portfolio, and our responsible Minister is the Minister for Trade and Tourism.

More information about our accountability to the Minister and to the Federal Parliament can be found here.

Our Board is responsible for our corporate governance, managing our affairs and overseeing our operations. We impose a strong commercial discipline on governance and risk management through our Governance Framework.

Our MD & CEO is ultimately responsible to the Board for our performance. Under the EFIC Act, our MD & CEO has the duty of conducting our business generally. Together with other members of the Executive, the MD & CEO manage our business in accordance with directions and policies approved by the Board, and subject to the provisions of relevant law, including the EFIC Act and the PGPA Act.

Our activities are also detailed every financial year in our Annual Report, which is tabled in the Australian Parliament.

We are partially exempt from freedom of information legislation. The partial exemption and the strong secrecy obligation imposed on us recognises the need to keep confidential the commercial information we obtain from Australian exporters and investors.

Our employees are subject to a Code of Conduct and are required to keep information about our customers confidential. This requirement of confidentiality also applies to our Board members.