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Film Licensed Investment Company Act 2005
No longer in force
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Administered by
Regional Australia, Local Government, Arts and Sport
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C2005A00057
26 June 2005
-
21 September 2012
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Part 1—Preliminary
1 Short title
2 Commencement
3 Overview of Act
4 Objects of the scheme
5 Extraterritorial operation
6 Definitions
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Part 2—The scheme
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Division 1—Overview
7 Overview of Part
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Division 2—Minister to make certain determinations concerning the application process and decision-making criteria
8 Application rules
9 Minister must determine decision-making criteria and procedures
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Division 3—The application process
10 Rounds of applications
11 Applications
12 Further information
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Division 4—Grant of licence
13 Conditions on grant of licence
14 Grant of concessional capital licence
15 Form of licence
16 Minister is to have regard to recommendations of Selection Advisory Panel
17 Notice of refusal to grant licence
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Division 5—Amount of concessional capital FLIC is licensed to raise
18 Amount of concessional capital FLIC is licensed to raise
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Division 6—Licence period
19 Licence period
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Division 7—Conditions of scheme
20 General
21 Conditions in a legislative instrument
22 Fundraising conditions
23 Investment conditions
24 Conditions relating to returns to shareholders
25 Film conditions
26 Preconditions and conditions in the Minister’s determination under section 21
27 Ownership condition
28 Other conditions
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Division 8—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
34 FLIC must invest in provisionally certified films within 6 months if licence revoked
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Division 9—Information and reporting requirements
35 Reporting requirements
36 Provision of information to the Commissioner of Taxation
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Division 10—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 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