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Film Licensed Investment Company Bill 2005

Part 4 General administrative matters of the scheme

   

42   Review of decisions

                   An application may be made to the Administrative Appeals Tribunal for review of a decision:

                     (a)  under paragraph 32(1)(a), not to take any action in respect of a breach (other than to take the breach into account in determining a course of action in respect of any further breaches of conditions); and

                     (b)  under paragraph 32(2)(a), to impose a day by which a breach of a condition must be remedied; and

                     (c)  under paragraph 32(2)(b), to revoke the licence; and

                     (d)  under paragraph 32(2)(c), to remove the concessional status of shares that were issued to shareholders by the FLIC during the licence period; and

                     (e)  under subsection 34(4), to remove the concessional status of shares that were issued to shareholders by the FLIC during the licence period.

43   Delegation

                   The Minister may, in writing, delegate to:

                     (a)  the Secretary of the Department; or

                     (b)  an SES employee, or acting SES employee, in the Department;

the Minister’s powers under sections 12 and 30 and under subsections 34(2) and 35(4) to ask the FLIC for further information.