161
In forceDividends
Part 6Transport Corporations
Division 4Provisions applying to Transport Corporations
Subdivision 6General
161 Dividends
(1)
A Transport Corporation must pay to the State the amounts, at the times and in the manner, as are determined by the Treasurer after consultation with the board of directors of the Transport Corporation and the Minister.
S. 161(2) inserted by No. 34/2023 s. 93.
(2)
This section applies to V/Line Corporation as if a reference to the board of directors of the Transport Corporation in the section were a reference to V/Line Corporation.
S. 162 amended by No. 34/2023 s. 94 (ILA s. 39B(1)).
This Act’s bill:Explanatory memorandumSecond reading speech
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