Western Australian Current Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

WESTERN AUSTRALIAN TREASURY CORPORATION ACT 1986 - SECT 17A

17A .         Dividends

        (1)         Any surplus remaining at the end of a financial year after the cost of the operations of the Corporation have been taken into account —

            (a)         may, in accordance with this section, be paid wholly or partly as a dividend to the Consolidated Account; and

            (b)         to the extent that it is not so paid, shall be applied for the purposes of the Corporation.

        (2)         The board, as soon as is practicable after the end of each financial year, shall make a recommendation to the Minister as to —

            (a)         whether a dividend is to be paid; and

            (b)         if so, the amount to be paid.

        (3)         The Minister, with the concurrence of the Treasurer, may —

            (a)         accept a recommendation under subsection (2); or

            (b)         give a direction to the Corporation as to a matter mentioned in that subsection,

                and the Corporation shall give effect to any such direction.

        [Section 17A inserted: No. 25 of 1998 s. 20; amended: No. 28 of 2006 s. 445 and 450; No. 77 of 2006 s. 4.]



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback