Commonwealth Numbered Acts

BROADCASTING LEGISLATION AMENDMENT ACT 1988 No. 146 of 1988 - SECT 39

39. After section 92V of the Principal Act following section is inserted:
Orders relating to ownership, control etc. of limited licences

"92VA. (1) The Tribunal may make orders under section 17 for or in relation
to:

   (a)  the ownership of limited licences;

   (b)  the holding of interests in the holders of limited licences; and

   (c)  the exercise of control of, or influence on, the holders, or the
        operations of the holders, of limited licences.

"(2) Without limiting subsection (1), the Tribunal may make orders under
section 17 with respect to:

   (a)  the number of limited licences, or of limited licences of a particular
        kind, that may be held by a person or in the holders of which a person
        may have an interest;

   (b)  the interests that a person may have in the holder of a limited
        licence;

   (c)  the number of directorships that a person may hold in companies having
        interests in the holders of limited licences that are companies;

   (d)  the approval of the Tribunal of transactions involving the acquisition
        of interests in the holder of a limited licence;

   (e)  the provisions to be contained in the constituent documents of the
        holder of a limited licence; and

   (f)  changes to the constituent documents of the holder of a limited
        licence.

"(3) In making orders for the purposes of this section the Tribunal shall have
regard to the undesirability of the exercise of undue influence by foreign
persons on the operations of the holders of limited licences.".