Commonwealth Numbered Acts

AUSTRALIAN POSTAL CORPORATION ACT 1989 No. 64 of 1989 - SECT 38

38. In preparing or revising a financial target, the Board shall have regard
to:

   (a)  the need to earn a reasonable rate of return on Australia Post's
        assets;

   (b)  the need to maintain the extent of the Commonwealth's equity in
        Australia Post;

   (c)  the expectation of the Commonwealth that Australia Post will pay a
        reasonable dividend;

   (d)  the need to maintain Australia Post's financial viability;

   (e)  the need to maintain a reasonable level of reserves, especially to
        make provision for:

        (i)    any estimated future demand for postal services; and

        (ii)   any need to improve the accessibility of, and performance
               standards for, the letter service;

   (f)  any other commercial matters the Board considers appropriate;

   (g)  the cost of carrying out Australia Post's community service
        obligations;

   (h)  the cost of performing Australia Post's functions in a manner
        consistent with the general policies of the Commonwealth Government
        notified by the Minister under section 48;

   (j)  the cost of implementing any directions given by the Minister under
        section 49; and

   (k)  the cost of any other obligations of Australia Post under this or any
        other Act that require it to act otherwise than in accordance with
        normal commercial practice.