Document ID: chunk:federal_register_of_legislation:C2024C00824:section:49
Version: federal_register_of_legislation:C2024C00824
Segment Type: section
Provision Reference: s 49
Character Range: 65720–66566

49  Matters to be included in corporate plans
  In determining or revising a financial target to be included in a corporate plan, the Board must have regard to:
 (a) the need for EFIC to generate reserves sufficient to support expansion of its operations; and
 (b) the adequacy of EFIC's capital, having regard to any determinations made by the Board for the purposes of section 56; and
 (c) any direction by the Minister under subsection 55(2) for the payment of a dividend by EFIC in respect of the financial year to which the target relates; and
 (d) any direction by the Minister under subsection 55A(2) for the payment of a dividend by EFIC in the financial year to which the target relates.
Note: Section 35 of the Public Governance, Performance and Accountability Act 2013 requires the Board to prepare corporate plans.

Part 8—Finance