Commonwealth Consolidated Acts

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BROADCASTING SERVICES ACT 1992 SECT 58

58 Limitation on foreign directorships--commercial television broadcasting licensees
(1)
Subject to subsection (2), not more than 20% of the directors of each commercial television broadcasting licensee may be foreign persons.

(2)
The ABA may, in writing, approve the board of a commercial television broadcasting licensee containing a higher percentage of foreign persons for a period not exceeding 28 days if the ABA considers special circumstances exist that require such an approval.

(3)
If the ABA has approved a breach of subsection (1), the ABA is not to grant another approval of the same breach.



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