Commonwealth Numbered Acts

FILM LICENSED INVESTMENT COMPANY ACT 1998

TABLE OF PROVISIONS

           Long Title

   PART 1--PRELIMINARYýÜ

   1.      Short title 
   2.      Commencement 
   3.      Overview 
   4.      Objects of the pilot scheme 
   5.      Extraterritorial operation  
   6.      Definitions 
   7.      Application of the Criminal Code 

   PART 2--THE PILOT SCHEME

   8.      Overview of Part 
   9.      Application rules 
   10.      Minister must determine decision-making criteria and procedures 
   11.     Rounds of applications 
   12.     Applications 
   13.     Further information 
   14.     Minister to determine number of licences to be granted and amount of 
   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 
   19.     Notice of refusal to grant licence 
   20.     Term of licence 
   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 
   27.     Ownership condition 
   28.     Other 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.     Reporting requirements 
   35.     False or misleading statement 
   36.     Provision of information to the Commissioner of Taxation 
   37.     Minister may determine allowable percentage for administrative 
   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.     Disallowable instruments 
   44.     Delegation 
           SCHEDULE 1-- Ownership definitions