Commonwealth Numbered Acts

AUSTRALIAN POSTAL CORPORATION ACT 1989 No. 64 of 1989 - SECT 55

55. (1) The Minister may, at any time before or during a financial year, by
written notice to the Board, require the Board to make a recommendation in
relation to the payment of amounts to the Commonwealth on account of the
dividend that may become payable under section 54 for the financial year.

(2) The Board shall, within 30 days after receiving the notice, by written
notice to the Minister, make such a recommendation to the Minister.

(3) The Minister shall, within 30 days after receiving the recommendation, by
written notice to the Board, either:

   (a)  approve the recommendation; or

   (b)  give directions to the Board in relation to the payment of amounts to
        the Commonwealth on account of the dividend that may become payable
        under section 54 for the financial year.

(4) In exercising powers under subsection (3), the Minister shall have regard
to:

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

   (b)  any other matters the Minister considers appropriate.