Commonwealth Consolidated Acts

AUSTRALIAN POSTAL CORPORATION ACT 1989 - SECT 38

                   In preparing or revising a financial target for inclusion in a corporate plan under section 17 of the Commonwealth Authorities and Companies Act 1997 , the Board shall have regard to:

                     (a)  the need to earn a reasonable rate of return on Australia Post's assets;

                     (b)  the need to maintain the extent of the Commonwealth's equity in Australia Post;

                     (c)  the expectation of the Commonwealth that Australia Post will pay a reasonable dividend;

                     (d)  the need to maintain Australia Post's financial viability;

                     (e)  the need to maintain a reasonable level of reserves, especially to make provision for:

                              (i)  any estimated future demand for postal services; and

                             (ii)  any need to improve the accessibility of, and performance standards for, the letter service;

                      (f)  any other commercial matters the Board considers appropriate;

                     (g)  the cost of carrying out Australia Post's community service obligations;

                     (h)  the cost of performing Australia Post's functions in a manner consistent with the general policies of the Commonwealth Government of which the directors are notified under section 28 of the Commonwealth Authorities and Companies Act 1997 ;

                      (j)  the cost of implementing any directions given by the Minister under section 49; and

                     (k)  the cost of any other obligations of Australia Post under this or any other Act that require it to act otherwise than in accordance with normal commercial practice.