Provisions relating to termination of levy on film exhibitors
2
1
In this section—
- " the 1981 Act" means the Film Levy Finance Act 1981;
- "the final levy period" means the period which began on 14th October 1984 and in respect of which a levy is imposed in accordance with regulations having effect as if made under section 2 of the 1981 Act (levy on film exhibitors), and "the levy regulations" means those regulations; and
- " the final distribution period " means the period which began on 14th October 1984 and in respect of which payments are required to be made by the British Film Fund Agency in accordance with regulations made under section 6 of the 1981 Act (payments to makers of British films) and " the distribution regulations" means those regulations.
2
In relation to the final levy period section 2(3) of the 1981 Act (minimum and maximum amounts to be yielded by way of levy in respect of each levy period) shall have effect as if for " neither less than £2 million nor more than £12 million " there were substituted " not more than £12 million ".
3
In relation to that period section 4 of that Act (payments out of levy to National Film Finance Corporation) shall have effect as if—
a
in subsection (1) for the words from " falling wholly " onwards there were substituted " such proportion (not exceeding in amount £1-5 million) of the amount received by the Agency in respect of that period as proceeds of the levy as the Secretary of State may determine. " ; and
b
subsection (2) were omitted.
4
If the Secretary of State by order so provides, both the final levy period and the final distribution period shall, instead of ending with 12th October 1985 as provided by the levy regulations and the distribution regulations respectively, end with such earlier date as may be specified in the order; and accordingly, in that case—
a
any reference to the final levy period in the levy regulations, in section 4 of the 1981 Act or in this section shall be construed as a reference to that period as modified by virtue of this subsection ;
b
any reference to the final distribution period in the distribution regulations or in section 4 of this Act shall be construed as a reference to that period as so modified ; and
c
any reference to 12th October 1985 in the distribution regulations shall be construed as a reference to the date specified in the order.
5
The Secretary of State may by order repeal the 1981 Act as from a date specified in the order.
6
Any order under this section shall be made by statutory instrument.
1981 c. 16.