Commonwealth Numbered Acts

FILM LICENSED INVESTMENT COMPANY ACT 2005 NO. 57, 2005

TABLE OF PROVISIONS

           Long Title

   PART 1--PRELIMINARY

   1.      Short title  
   2.      Commencement  
   3.      Overview of Act  
   4.      Objects of the scheme  
   5.      Extraterritorial operation  
   6.      Definitions  

   PART 2--THE SCHEME

           Division 1--Overview

   7.      Overview of Part  

           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  

           Division 3--The application process

   10.     Rounds of applications  
   11.     Applications  
   12.     Further information  

           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  

           Division 5--Amount of concessional capital FLIC is licensed to raise

   18.     Amount of concessional capital FLIC is licensed to raise  

           Division 6--Licence period

   19.     Licence period  

           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  

           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  

           Division 9--Information and reporting requirements

   35.     Reporting requirements  
   36.     Provision of information to the Commissioner of Taxation  

           Division 10--Other requirements

   37.     Minister may determine allowable percentage for administrative costs  
   38.     Transfer of licence void  

   PART 3--OFFENCES CONCERNING OWNERSHIP RESTRICTIONS

   39.     Meaning of terms used in this Part  
   40.     Acquisitions of shares  
   41.     Anti-avoidance  

   PART 4--GENERAL ADMINISTRATIVE MATTERS OF THE SCHEME

   42.     Review of decisions  
   43.     Delegation  
           SCHEDULE 1 - Ownership definitions