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Note 27: Administered - Investments

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The Australian Government owns 100% of the following entities:

  • Australian Business Arts Foundation Limited
  • Australian Council - s46(1) of the Australia Council Act 2013
  • Australian Film, Television and Radio School - s36(1) of the Australian Film, Television and Radio School Act 1973
  • Australian Government Solicitor - s55M of the Judiciary Act 1903
  • Australian National Maritime Museum - s43(1) of the Australian National Maritime Museum Act 1990
  • Bundanon Trust
  • High Court of Australia - s17 of the High Court of Australia Act 1996
  • National Film and Sound Archive - s37(1) of the National Film and Sound Archive Act 2008
  • National Gallery of Australia - s34(1) of the National Gallery Act 1975
  • National Library of Australia - s20(1) of the National Library Act 1960
  • National Museum of Australia - s33(1) of the National Museum of Australia Act 1980
  • National Portrait Gallery of Australia - s6(1) of the National Portrait Gallery of Australia Act 2012
  • Screen Australia - s39(1) of the Screen Australia Act 2008

Law Courts Ltd is a company limited by guarantee and is jointly controlled by the Australian and NSW Governments. The primary purpose of the company is to provide a courts facility being the joint Sydney Law Courts Building. The building is currently undergoing a major refurbishment program. The investment taken up by the Australian Government is based on the net assets of Law Courts Ltd, adjusted by the accumulated capital contributions made by the Australian Government to the company up to 30 June 2015.

The principal activities of each of the Department's administered investments are:

  • Law Courts Limited is a jointly controlled Australian Government/New South Wales company limited by guarantee established to manage the Sydney Law Courts Building.
  • The Australian Business Arts Foundation Limited drives private giving, social investment and philanthropy for the arts in Australia. It also encourages sponsorship and corporate support, and builds partnerships between artists, business, private donors and the community to support the arts.
  • The Australia Council is a Commonwealth entity responsible for the creation, presentation and appreciation of distinctive cultural works by providing assistance to Australian artists and making their works accessible to the public. The council is the Australian Government's principal arts funding and advisory body.
  • The Australian Film, Television and Radio School is a Commonwealth entity responsible for the education and development of creative talent for the screen arts and broadcast industries. The school aims to provide a more sustainable screen broadcasting industry through advanced industry-focused education and training for talented students, professionals and organisations.
  • The Australian Government Solicitor is a Commonwealth entity providing national legal services to the Government and its agencies in a contestable environment.
  • The Australian National Maritime Museum is a Commonwealth entity responsible for increasing knowledge, appreciation and enjoyment of Australia's maritime heritage by managing the National Maritime Collection and staging programs, exhibitions and events.
  • The Bundanon Trust is a Commonwealth company and supports arts practice and an understanding of the arts through its residency, education, exhibition and performance programs.
  • The High Court, as the highest court in Australian judicial system, interprets and applies the law of Australia, decides cases of special Commonwealth significance including challenges to the constitutional validity of laws, and hears appeals from Federal, State and Territory Governments.
  • The National Film and Sound Archive of Australia is a Commonwealth entity responsible for increasing understanding and appreciation of Australia's audiovisual history by developing, preserving, maintaining and promoting the national audiovisual collection and providing access to audiovisual material of historic and cultural significance.
  • The National Gallery of Australia is a Commonwealth entity. It is responsible for increasing understanding, knowledge, and enjoyment of the visual arts by providing access to, and information about, works of art locally, nationally and internationally.
  • The National Library of Australia is a Commonwealth entity. It is responsible for enhanced learning, knowledge creation, enjoyment and understanding of Australian life and society by providing access to a national collection of library material. The Library's role is to ensure that documentary resources of national significance relating to Australia, as well as significant non-Australian library materials are collected, preserved and made accessible.
  • The National Museum of Australia is a Commonwealth entity. Its role is to research Australian history, develop and maintain a national collection of historical material, create exhibitions and programs which explore Australia's heritage and history and make it more accessible to Australians.
  • The National Portrait Gallery of Australia is a Commonwealth entity. Its role is to develop, preserve, maintain, promote and provide access to a national collection consisting of portraits, other works of art and related material. It is also responsible for developing and engaging a national audience in relation to that collection through exhibitions, education, research, publications and public and online programs.
  • Screen Australia is a Commonwealth entity. It is responsible for promoting a creative, innovative and commercially sustainable screen industry through the development, funding, promotion and facilitation of access to Australian screen products.

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