Commonwealth Numbered Acts

NATIONAL FILM AND SOUND ARCHIVE ACT 2008 (NO. 14, 2008) - SECT 39

             (1)  The National Film and Sound Archive must not, without the approval of the Minister:

                     (a)  acquire any property, right or privilege for a consideration exceeding in amount or value the amount prescribed by the regulations for the purposes of this paragraph; or

                     (b)  dispose of any property, right or privilege if the amount or value of the consideration for the disposal, or the value of the property, right or privilege, exceeds the amount prescribed by the regulations for the purposes of this paragraph; or

                     (c)  enter into a contract for the construction of a building for the National Film and Sound Archive, being a contract under which the National Film and Sound Archive is to pay an amount exceeding the amount prescribed by the regulations for the purposes of this paragraph; or

                     (d)  enter into a lease of land for a period exceeding 10 years.

             (2)  Paragraphs (1)(a) and (b) do not apply to the investment of money by the National Film and Sound Archive under section 18 of the Commonwealth Authorities and Companies Act 1997 .

             (3)  If an approval under subsection (1) is in writing, the approval is not a legislative instrument.