Film Licensed Investment Company Act 1998
25Film conditions
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25 Film conditions
A FLIC must comply with the following conditions in respect of a film it invests in under the scheme:
(a) the film must not be developed or produced by a person who is:
(i) the holder of a licence allocated by the Australian Broadcasting Authority under the Broadcasting Services Act 1992; or
(ii) the provider of a broadcasting service in accordance with a class licence determined by the Australian Broadcasting Authority under section 117 of the Broadcasting Services Act 1992; or
(iii) the Australian Broadcasting Corporation; or
(iv) the Special Broadcasting Service; or
(v) an associate of one of the persons mentioned in subparagraph (i) or (ii); and
(b) the film must receive a final certificate under section 124ZAC of the Income Tax Assessment Act 1936 on or before 30 April 2003.
Note: For associate (and for other definitions relevant to the definition of associate) see Schedule 1.