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 any General Policy Orders made under section 48A of the Commonwealth Authorities and Companies Act 1997 that apply to Australia Post and to its directors under section 28 of that Act;

                      (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.