Efic Amendment Bill 2016—2017 Inquiry
The Export Council of Australia (ECA) strongly supports amending the Efic Act to allow Efic to lend to Australian businesses engaged in export trade. This
amendment is not about supporting businesses to manufacture offshore. It is about allowing Efic to lend to a far wider range of Australian businesses,
including those with (or looking to establish) international sales and service offices, and those selling directly to consumers.
Foreign sales and service offices are becoming essential for SMEs involved in services, high-end manufacturing and/or technology. Selling directly to foreign consumers is also becoming increasingly important for Australia. Small businesses in particular need to scale-up to directly access overseas consumers via e-commerce, or benefit from the increase in tourism resulting from the growth of the Asian middle class.
Broadening its ability to lend will allow Efic’s product offering to be more in line with the needs of Australian exporters, and will support Australian jobs.
Dee-Ann Prather, Down Under Enterprises International
NSW Women in Global Business Award winner
Member of the ECA
“90% of our business is export based and we are expanding rapidly throughout Asia. As we move into new countries and regions it is important to understand the country, culture and business norms and ECA has helped us do this through their programs. ECA has also helped us improve our shipping and documentation efficiency, especially with the new GHS requirements. Overall, ECA is a wealth of information and knowledge and have always been very helpful when we have specific issues or questions.”Become a Member
Nuix is the 2015 Premier's NSW Exporter of the Year. As a technology company that protects, informs and empowers society. Nuix has more than 1,500 customers in over 60 countries, including all major global regulatory agencies, leading security and law enforcement agencies, all tier one advisory and litigation support vendors, and many of the world's leading financial institutions, corporations and government departments.