New South Wales Consolidated Acts

GOVERNMENT TELECOMMUNICATIONS ACT 1991 - SECT 42

42 Dividend contribution by the Authority to Consolidated Fund

(1) The Authority is required to pay to the Treasurer for payment into the Consolidated Fund, by way of dividend contribution in respect of each financial year to which this section applies, such amount as may be determined by the Treasurer.

(2) The amount so determined may be based on the value of the Government telecommunications network, on the income derived by the Authority from the operation of that network or on any other basis the Treasurer considers appropriate.

(3) The Treasurer must consult with the Minister and the Authority in connection with any determination to be made by the Treasurer under this section.

(4) This section applies in respect of such financial years of the Authority as the Treasurer determines.

(5) Nothing in this section affects section 59B of the Public Finance and Audit Act 1983 .