Queensland Numbered Acts Queensland Numbered Acts(1) At any time after 1 January in a financial year, the Minister may, by notice given to QTAMA, require QTAMA to make a recommendation about the payment of amounts to the State, including when the amounts are to be paid, because of the return that may become payable under section 47 for the financial year.
(2) Within 1 month after receiving notice of the requirement, QTAMA must make a recommendation to the Minister.
(3) Within 1 month after receiving the recommendation, the Minister must either—
(a) approve the recommendation; or
(b) direct the payment of stated amounts, at stated times, because of the return that may become payable under section 47 for the financial year.
(4) A direction under subsection (3)(b) must not direct the payment of an amount that is more than QTAMA's estimated surplus for the first 6 months of the financial year after—
(a) provision has been made for income tax or its equivalent; and
(b) any unrealised capital gains from upwards revaluation of non-current assets have been excluded.