Explanatory Memorandum(Circulated by authority of the Minister for the Environment, Heritage and the Arts, the Hon. Peter Garrett AM MP)
Outline and financial impact
The Screen Australia and the National Film and Sound Archive (Consequential and Transitional Provisions) Bill 2008 (the Bill) contains transitional provisions and consequential amendments related to the proposed establishment of Screen Australia (SA) by the Screen Australia Bill 2008 (the SA Bill) and the establishment of the National Film and Sound Archive (NFSA) by the National Film and Sound Archive Bill 2008 (the NFSA Bill).
As a result of the SA Bill, Schedule 1 to the Bill makes a number of consequential amendments to other Commonwealth Acts. Among other things, these amendments provide for the repeal of the Australian Film Commission Act 1975 , amendments to the Australian Film, Television and Radio School Act 1973 regarding long service leave and certain amendments to the Income Tax Assessment Act 1997 in relation to the Producer Offset.
Schedule 2 to the Bill contains transitional provisions, including provisions dealing with the transfer of employees of the Australian Film Commission (AFC), Film Australia Limited (FAL) and Film Finance Corporation Australia Limited (FFC) to SA, the NFSA or the Australian Film, Radio and Television School (AFTRS) as appropriate and the transfer of assets and liabilities. Schedule 2 also contains provisions in relation to the appointment of the first CEOs of SA and NFSA. In addition, Schedule 2 contains provisions relating to the final annual report of the AFC and other final reports, returns or documents in relation to the AFC, FAL and FFC.
The Screen Australia and National Film and Sound Archive (Consequential and Transitional Provisions) Bill 2008 is not expected to have a significant impact on Commonwealth expenditure.
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).