shutterstock_201601355.jpg

Correction: Export Finance Australia’s Position on support for Live Export Businesses

An article, published in the Weekly Times on 22 March 2017, had an Export Finance Australia employee incorrectly commenting on Export Finance Australia’s position in relation to the export of live cattle. This statement seeks to correct those comments of the Export Finance Australia employee and to confirm Export Finance Australia’s position:

About Export Finance Australia

Export Finance Australia operates on a commercial basis and provides support to Australian export businesses where there is an export demand and traditional banks may not be able to assist.

Export Finance Australia’s support of live animal export businesses

Export Finance Australia provides support to Australian businesses involved in live animal export if they meet Export Finance Australia's due diligence requirements. Understanding the more complex nature of the industry, Export Finance Australia's support is provided to businesses that are experienced exporters, have a satisfactory track record and reputation in the live animal export trade and have been issued with a license from the Australian Government to export livestock.

Export Finance Australia’s due diligence process

Export Finance Australia's due diligence process also looks at the environmental, social and technical risks associated with the export contract, with particular consideration of animal welfare standards across the countries involved (Australia as the exporter and the host importing nation) , the exporter's response to these standards, and the exporter's compliance with the exporter supply chain assurance system (ESCAS).

More information about Export Finance Australia’s policies can be found here.