Commonwealth Numbered Acts

AUSTRALIAN POSTAL CORPORATION ACT 1989 No. 64 of 1989 - SECT 44

44. The report of Australia Post's operations for a financial year shall:

   (a)  specify the financial target applicable to the year under the
        corporate plan;

   (b)  if the Minister has, under subsection 40 (1), directed the Board to
        vary the financial target-specify the financial target that the
        Minister directed the Board to vary and set out the reasons given to
        the Board by the Minister for the direction;

   (c)  include an assessment of Australia Post's progress in achieving the
        financial target under the corporate plan;

   (d)  specify the dividend payable to the Commonwealth for the year;

   (e)  if the Minister has, under subsection 54 (3), directed the payment of
        a dividend, or a different dividend, for the year-specify the
        recommendation made by the Board to the Minister in relation to the
        dividend for the year;

   (f)  include particulars of any amounts of capital repaid to the
        Commonwealth during the year; and

   (g)  include an assessment of:

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

        (ii)   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;

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

        (iv)   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.