Commonwealth Numbered Acts

AUSTRALIAN POSTAL CORPORATION ACT 1989 No. 64 of 1989 - SECT 40

40. (1) When the Board prepares or revises a corporate plan and gives a copy
of the plan to the Minister, the Minister may, within 30 days after receiving
the copy of the plan and after consultation with the Board, direct the Board
to vary either or both of the following:

   (a)  the statement included in the plan of the strategies and policies that
        Australia Post is to follow to carry out its
        community service obligations;

   (b)  the financial target under the plan.

(2) In exercising powers under paragraph (1) (b), the Minister shall have
regard to:

   (a)  the matters referred to in section 38 (other than the matter referred
        to in paragraph (f)); and

   (b)  any other matters the Minister considers appropriate.

(3) A direction under subsection (1) shall be in writing and shall set out the
Minister's reasons for the direction.