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Investment Determination, dated 11 May 2023, Financial Management Act 1995



Investment Determination, dated 11 May 2023, Financial Management Act 1995

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Tabled Paper 855


Tabled Papers for 14th Assembly 2020 -; Tabled Papers; ParliamentNT




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Legislative Assembly of the Northern Territory

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Legislative Assembly of the Northern Territory



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Schedule Equity investments in screen productions through Screen Territory, with an entitlement to participate in gross receipts, with a minimum cumulative investment of $100,000 and a maximum cumulative investment of $23 million per project, provided the applicant(s) applying for the funding through Screen Territory a. meet the general eligibility requirements as outlined in the Screen Territory Terms of Trade; and 2. the project a. is classified as either a i. feature film; or Ii. adult and children's drama and or narrative comedy including television series, miniseries, telemovies and web series; or Iii. content-rich factual and documentary theatrical, television or web projects b. meets production funding guideline requirements stipulated in the Northern Territory Government Screen Territory Funding Program Guidelines; and 3. Screen Territory's equity contribution, in addition to third party funding, will fully secure funding or finance for the project; and 4. the applicant is able to demonstrate that the project will be completed and delivered and has a confirmed pathway to audience with strong commercial market potential; and 5. the risk assumed by the Territory is coinmensurate with the objectives, scope and benefits of the investment and does not present unacceptable risk exposure to the Territory; and 6. the level of funding provided by the Territory will a. be determined by the ratio of qualifying NT production expenditure on employment and the use of goods and services b. not be the largest single investor in the screen project c. not give the Territory a significant influence, joint control or controlling interest over the investee d. not be disbursed to the project until evidence of contractual commitment of all third party funding has been provided