Commonwealth Numbered Acts

AUSTRALIAN FILM COMMISSION ACT 1975 No. 6 of 1975 - SECT 40

40. (1) The Minister may transfer or cause to be transferred to the Commission
such of the assets owned by Australia and held or used in connexion with, or
arising from, the activities of the Department of the Media in making,
promoting, distributing or exhibiting films of a type referred to in
sub-paragraphs 5 (1) (b) (i), (ii) or (iii) as the Minister thinks fit.
(2) In this section, ''assets'' includes-

   (a)  plant, machinery, equipment, office furniture, fittings, motor
        vehicles and stock in trade;

   (b)  debts due to Australia and the benefit of any securities for those
        debts;

   (c)  any benefit that is capable of assignment under a contract;

   (d)  any other property, right or interest to which Australia is entitled
        and which it may assign; and

   (e)  all appropriate records maintained by Australia, but does not include
        an estate or interest in land.