Commonwealth Numbered Acts

BROADCASTING AMENDMENT ACT (No. 2) 1990 No. 7 of 1991 - SECT 13

13. Section 89E of the Principal Act is amended:
(a) by inserting "subject to section 89KB," before "when" in paragraph (c)
of the definition of "control" in subsection (1);
(b) by omitting "meaning given by section 89K" from paragraph (c) of the
definition of "control" in subsection (1) and substituting "meanings given by
sections 89JA and 89K";
(c) by omitting from subsection (1) the definition of "interest" and
substituting the following definition: " `interest', in relation to a
commercial licence or a newspaper, means a shareholding interest or a voting
interest;";

   (d)  by omitting from subsection (1) the definitions of "financial
        interest" and "loan interest";

   (e)  by inserting in subsection (1) the following definition:

" `loan agreement', in relation to a company, means an agreement under which:

   (a)  money is lent or advanced to the company; or

   (b)  money is deposited with the company; or

   (c)  a debt or liability (whether or not financial) of the company arises;
whether or not:

   (d)  the money, debt or liability is secured; or

   (e)  money payable by the company under the agreement is presently payable;
        or

   (f)  liability arising under the agreement is unconditional;".