Film Act 2001

Film Victoria must establish and maintain a fund to be known as the Investment General Fund.

There must be paid into the Fund—

any money that Film Victoria from time to time determines should be paid into the Fund from money held by Film Victoria;

any money received by Film Victoria as a return on or in relation to any investment by Film Victoria in relation to the production of film or television programs;

any income arising from the investment of the Fund.

Film Victoria must cause the money in the Fund to be paid into an account or accounts in any authorised deposit-taking institution or institutions within the meaning of the Banking Act 1959 of the Commonwealth approved for the purpose by the Treasurer.

All money standing to the credit of the Fund which is not for the time being required for the purposes of this Act may be invested in such manner as the Treasurer approves.

Money standing to the credit of the Fund must be applied by Film Victoria to provide financial assistance for or in relation to the production of film or television programs in Victoria.