(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.]