Commonwealth legislation

Australian Film Commission Regulations 2002

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Act Number

159 of 2002

Collection

legislative instrument

Plain English Summary

1/10 complexity

These regulations set a $1 million threshold that determines when the Australian Film Commission (AFC) needs ministerial approval for financial transactions.

Under the Australian Film Commission Act, the Commission must obtain approval from the responsible Minister before:

Borrowing money
Lending money
Acquiring or disposing of assets (property)

However, the Act allows the government to set a 'higher amount' — a dollar threshold below which the Commission can make decisions independently.

These regulations set that threshold at $1,000,000. This means the AFC can enter into financial transactions up to $1 million without ministerial sign-off, but requires approval for anything exceeding that amount.

Note: The AFC has since been merged into Screen Australia, but these rules governed its original operations.

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Current sections

Direct links to the current provisions in Australian Film Commission Regulations 2002.

Australian Film Commission Regulations 2002

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Australian Film Commission Regulations 2002

Statutory Rules 2002 No. 1591

I, PETER JOHN HOLLINGWORTH, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Australian Film Commission Act 1975.

Dated 26 June 2002

PETER HOLLINGWORTH

Governor-General

By His Excellency’s Command

C. R. KEMP

Minister for the Arts and Sport

1 Name of Regulations

These Regulations are the Australian Film Commission Regulations 2002.

2 Commencement

These Regulations commence on gazettal.

3 Definition

In these Regulations:

Act means the Australian Film Commission Act 1975.

4 Higher amounts — restrictions on financial transactions

For paragraphs 35 (1) (a), (b) and (c) of the Act, the higher amount is $1 000 000.

Note

1. Notified in the Commonwealth of Australia Gazette on 3 July 2002.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

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Australian Film Commission Regulations 2002

Statutory Rules 2002 No. 1591

Dated 26 June 2002

PETER HOLLINGWORTH

Governor-General

By His Excellency’s Command

C. R. KEMP

Minister for the Arts and Sport

1 Name of Regulations

These Regulations are the Australian Film Commission Regulations 2002.

2 Commencement

These Regulations commence on gazettal.

3 Definition

In these Regulations:

Act means the Australian Film Commission Act 1975.

4 Higher amounts — restrictions on financial transactions

For paragraphs 35 (1) (a), (b) and (c) of the Act, the higher amount is $1 000 000.

Note

1. Notified in the Commonwealth of Australia Gazette on 3 July 2002.