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Film Licensed Investment Company Act 1998
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C2004A00370
07 December 1998
-
07 December 1998
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Part 1—Preliminary
1 Short title
2 Commencement
3 Overview
4 Objects of the pilot scheme
5 Extraterritorial operation
6 Definitions
7 Application of the Criminal Code
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Part 2—The pilot scheme
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Division 1—Overview
8 Overview of Part
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Division 2—Minister to make certain determinations concerning the application process and decision-making criteria
9 Application rules
10 Minister must determine decision-making criteria and procedures
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Division 3—The application process
11 Rounds of applications
12 Applications
13 Further information
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Division 4—Grant of licence
14 Minister to determine number of licences to be granted and amount of concessional capital FLICs are licensed to raise
15 Conditions on grant of licence
16 Grant of concessional capital licence
17 Form of licence
18 Minister is to have regard to recommendations of Selection Advisory Panel
19 Notice of refusal to grant licence
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Division 5—Term of licence
20 Term of licence
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Division 6—Conditions of scheme
21 General
22 Conditions in a disallowable instrument
23 Fundraising conditions
24 Investment conditions
25 Film conditions
26 Preconditions and conditions in the Minister’s determination under section 22
27 Ownership condition
28 Other conditions
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Division 7—Breach of conditions
29 Minister to notify FLIC of suspected breach of conditions
30 Minister may seek information
31 Minister must consider FLIC’s submission and information
32 Powers of the Minister in relation to breaches of conditions
33 Revocation of licence
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Division 8—Information and reporting requirements
34 Reporting requirements
35 False or misleading statement
36 Provision of information to the Commissioner of Taxation
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Division 9—Other requirements
37 Minister may determine allowable percentage for administrative costs
38 Transfer of licence void
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Part 3—Offences concerning ownership restrictions
39 Meaning of terms used in this Part
40 Acquisitions of shares
41 Anti-avoidance
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Part 4—General administrative matters of the scheme
42 Review of decisions
43 Disallowable instruments
44 Delegation
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Schedule 1—Ownership definitions
1 Object
2 Definitions
3 When foreign citizens are ordinarily resident in Australia
4 Entering into an agreement or arrangement
5 Associates
6 Power to appoint director
7 Meaning of entitled to acquire
8 Meaning of interest in a share
9 Certain interests in shares to be disregarded
10 Voting power
11 Stake in a company
12 Direct control interests in a company
13 Substantial interests in trust estates
