Commonwealth Numbered Acts

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

6. (1) The Commission has power to do all things necessary or convenient to be
done for or in connexion with the performance of its functions and, without
limiting the generality of the foregoing, has power-

   (a)  to guarantee the repayment of, and payment of interest on, loans
        (including bank overdrafts) made to producers of Australian films;

   (b)  to provide financial assistance to producers of Australian films under
        arrangements that entitle the Commission to receive a share of the
        proceeds derived from the sale, hire or exhibition of the films or the
        inclusion of the films in television programs;

   (c)  to acquire rights in respect of films;

   (d)  to accept gifts, devises, bequests and assignments made to the
        Commission (whether on trust or otherwise); and

   (e)  to act as trustee of moneys, films or other property vested in the
        Commission upon trust, or to act on behalf of Australia or an
        authority of Australia in the administration of a trust relating to
        films or film matters.

(2) The power of the Commission to give guarantees is subject to such limits
as the Treasurer determines as to the total amount of moneys (other than
interest) the payment of which may at any time be the subject of such
guarantees.

(3) Nothwithstanding anything contained in this Act, any money, films or other
property held by the Commission upon trust shall be dealt with in accordance
with the powers and duties of the Commission as trustee.

(4) The Commission shall set out in its annual report prepared and furnished
to the Minister under section 44 a statement of-

   (a)  the guarantees given by the Commission under paragraph (1) (a) during
        the year to which the report relates;

   (b)  the limits that the Treasurer has determined under sub-section (2);
        and

   (c)  the total amount the subject of the guarantees referred to in
        paragraph (a).