FILM LICENSED INVESTMENT COMPANY ACT 2005 No. 57, 2005 - SECT 29
Minister to notify FLIC of suspected breach of conditions
If the Minister is of the opinion that there may be grounds for deciding that
the FLIC is in breach of a condition of the scheme, the Minister must:
(a) give the FLIC written notice of the Minister's opinion specifying the
reasons for the opinion; and
(b) invite the FLIC to make a written submission to the Minister within 28
days.
Note: The conditions of the scheme are set out in
sections 22 to 28 and a determination made under section 21.