Australian Capital Territory Numbered Acts

BUSINESS FRANCHISE (“X” VIDEOS) (AMENDMENT) ACT 1993 (NO. 15 OF 1993) - SECT 4

4. Section 4 of the Principal Act is amended—

        (a)     by inserting in the definition of “wholesale value” in subsection (1) “, inclusive of any tax or duty imposed under a law of the Commonwealth,” after “price”;

    (b)     by omitting from subsection (1) the definition of “franchise fee” and substituting the following definition:

“ ‘franchise fee' means a fee referred to in section 20 or 20A;”;

        (c)     by omitting from subsection (1) the definition of “advance fee”; and

    (d)     by inserting in subsection (1) the following definitions:

“ ‘defined influential person', in relation to a body corporate, means—

        (a)     a director or secretary of the body; or

        (b)     a person who is—

              (i)     substantially concerned in the management of the body; or

              (ii)     able to control, or to substantially influence, the body's activities or internal affairs;

‘initial fee' means a fee referred to in section 19;”.