Territory Stories

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

Details:

Title

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

Other title

Tabled Paper 855

Collection

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

Date

2023-05-16

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

Publisher name

Legislative Assembly of the Northern Territory

Place of publication

Darwin

File type

application/pdf

Use

Copyright

Copyright owner

Legislative Assembly of the Northern Territory

License

https://www.legislation.gov.au/Details/C2019C00042

Parent handle

https://hdl.handle.net/10070/907655

Citation address

https://hdl.handle.net/10070/907656

Page content

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