CTHRepealedAct
Film Licensed Investment Company Act 1998
37Minister may determine allowable percentage for administrative costs
Start here
Get a plain-English read of 37
Turn the raw legal text into a practical explanation grounded in Film Licensed Investment Company Act 1998.
37 Minister may determine allowable percentage for administrative costs
(1) The Minister may, in writing, in respect of each FLIC, determine an allowable deduction percentage. (2) The allowable deduction percentage is a percentage of the concessional capital raised by a FLIC that may be used by the FLIC to meet the costs of the FLIC’s administration.