24Investment conditions

24 Investment conditions

A FLIC must comply with the following conditions as to investment of capital raised under the scheme:

(a) the FLIC must invest in provisionally certified films an amount equal to the amount of concessional capital raised by the FLIC less the allowable deduction percentage;

(b) the amount must be so invested on or before 30 June 2002;

(c) if the FLIC invests concessional capital in a film, the FLIC must not also invest non‑concessional capital in that film.

Note 1: The Minister determines an allowable deduction percentage under section 37.

Note 2: For provisionally certified film see subsection 6(1).