National Film and Sound Archive of Australia Act 2008
39Restrictions on financial transactions
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39 Restrictions on financial transactions
(1) The National Film and Sound Archive of Australia must not, without the written approval of the Minister: (a) acquire any item for the national collection referred to in paragraph 6(1)(a) 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 item in the national collection referred to in paragraph 6(1)(a) if the amount or value of the consideration for the disposal, or the value of the item, exceeds the amount prescribed by the regulations for the purposes of this paragraph; or (c) acquire any property, right or privilege, other than an item for the national collection referred to in paragraph 6(1)(a), for a consideration exceeding in amount or value the amount prescribed by the regulations for the purposes of this paragraph; or (d) dispose of any property, right or privilege, other than an item in the national collection referred to in paragraph 6(1)(a), 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 (e) enter into a contract for the construction of a building for the National Film and Sound Archive of Australia, being a contract under which the National Film and Sound Archive of Australia is to pay an amount exceeding the amount prescribed by the regulations for the purposes of this paragraph; or (f) enter into a lease of land for a period exceeding 10 years. (2) An approval under subsection (1) is not a legislative instrument. (3) Subsection (1) does not apply to a contract if the contract provides for the supply of a service to the National Film and Sound Archive of Australia for the day‑to‑day operations of the National Film and Sound Archive of Australia. (4) Subsection (1) does not apply to the following: (a) an investment acquired under subsection 38(3); (b) the disposal of such an investment.