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Film Licensed Investment Company Bill 1998

Part 4 General administrative matters of the scheme

   

42   Review of decisions

                   A person whose interests are affected may apply to the Administrative Appeals Tribunal for review of a decision of the Minister:

                     (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 a 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.

43   Disallowable instruments

                   Determinations made under sections 9, 10, 22 and 34 are disallowable instruments for the purposes of section 46A of the Acts Interpretation Act 1901.

44   Delegation

                   The Minister may, by instrument in writing, delegate to:

                     (a)  the Secretary to the Department; or

                     (b)  a person holding, or performing the duties of, a Senior Executive Office, or equivalent, in the Department;

the Minister’s powers under sections 13 and 30 and under subsection 34(3) to ask a FLIC for further information.