Public Corporations Act 1993

A public corporation must, before the end of each financial year, recommend by writing to the Treasurer, that the corporation pay a specified dividend, or not pay any dividend, for that financial year, as the corporation considers appropriate.

The

approve a recommendation of the corporation under subsection (1);

determine that a dividend specified by the Treasurer be paid, or that no dividend be paid, as the Treasurer considers appropriate.

The corporation must, if so required by the Treasurer by notice in writing to the corporation at any time during a financial year, recommend by writing to the Treasurer that a specified interim dividend or specified interim dividends be paid by the corporation for that financial year, or that no such dividend or dividends be paid by the corporation, as the corporation considers appropriate.

The

approve a recommendation of the corporation under subsection (3);

determine that an interim dividend or interim dividends specified by the

Where the Treasurer approves a recommendation or determines under this section that a dividend or interim dividend or dividends be paid by the corporation, the dividend or interim dividend or dividends must be paid by the corporation to the Treasurer for the credit of the

A recommendation under this section must be made by the board of the corporation and may not be made by any person or committee pursuant to a delegation.