Document ID: chunk:federal_register_of_legislation:C2025C00040:section:55
Version: federal_register_of_legislation:C2025C00040
Segment Type: section
Provision Reference: s 55
Character Range: 65188–66325

55  Interim dividends
 (1) The Board must, within 60 days after 31 December in each financial year, by written notice to the Minister, recommend that Australia Post pay a specified amount, or not pay any amount, to the Commonwealth on account of the dividend that may become payable under section 54 for the financial year.
 (3) The Minister shall, within 45 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.
 (5) If the Minister gives a direction under paragraph (3)(b), the Minister must cause a copy of the direction to be laid before each House of the Parliament within 15 sitting days of that House after giving the direction.