Commonwealth Consolidated Acts

AUSTRALIAN POSTAL CORPORATION ACT 1989 - SECT 40

             (1)  If the Minister receives a corporate plan for Australia Post under section 17 of the Commonwealth Authorities and Companies Act 1997 , the Minister may, within 60 days and after consultation with the Board, direct the Board to vary either or both of the following:

                     (a)  the statement included in the plan of the strategies and policies that Australia Post is to follow to carry out its community service obligations;

                     (b)  a financial target under a plan.

             (2)  In exercising powers under paragraph (1)(b), the Minister shall have regard to:

                     (a)  the matters referred to in section 38 (other than the matter referred to in paragraph (f)); and

                     (b)  any other matters the Minister considers appropriate.

             (3)  A direction under subsection (1) shall be in writing and shall set out the Minister's reasons for the direction.

             (4)  If the Minister gives a direction under subsection (1), 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.

             (5)  Australia Post must comply with a direction under subsection (1) and must inform the Minister of the changes made to the plan to comply with the direction.