Commonwealth Consolidated Acts

AUSTRALIAN POSTAL CORPORATION ACT 1989 - SECT 44

             (1)  The annual report on Australia Post under section 9 of the Commonwealth Authorities and Companies Act 1997 must also:

                     (a)  specify the financial targets applicable to the year under the corporate plan; and

                     (b)  if the Minister has, under subsection 40(1), directed the Board to vary a financial target--specify the financial target that the Minister directed the Board to vary and set out the reasons given to the Board by the Minister for the direction; and

                     (c)  include an assessment of Australia Post's progress in achieving the financial targets under the corporate plan; and

                     (d)  specify the dividend paid or proposed to be paid to the Commonwealth for the year; and

                     (e)  if the Minister has, under subsection 54(3), directed the payment of a dividend, or a different dividend, for the year--specify the recommendation made by the Board to the Minister in relation to the dividend for the year; and

                      (f)  include particulars of any amounts of capital repaid to the Commonwealth during the year; and

                     (g)  include an assessment of:

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

                             (ii)  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 ;

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

                            (iv)  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; and

                     (h)  include the financial information that the Minister requests in relation to each of the following categories of Australia Post's activities:

                              (i)  the reserved services (taken as a whole);

                             (ii)  its other activities (taken as a whole).

             (2)  A request under paragraph (1)(h) must be made by notice in writing given to Australia Post.

             (3)  In this section:

"corporate plan" means the corporate plan for Australia Post under section 17 of the Commonwealth Authorities and Companies Act 1997 .