New South Wales Consolidated Acts

INTERNAL AUDIT BUREAU ACT 1992 - SECT 14

14 Dividend contribution by the Bureau to Consolidated Fund

(1) The Bureau 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 income derived by the Bureau from its activities or on any other basis the Treasurer considers appropriate.

(3) The Treasurer must consult with the Bureau 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 Bureau as the Treasurer determines.

(5) A dividend contribution is not payable by the Bureau under this section in respect of any financial year to the extent to which taxes are payable by the Bureau under the law of the Commonwealth in respect of the same financial year.

(6) A dividend contribution is not payable by the Bureau under section 59B of the Public Finance and Audit Act 1983 in respect of any financial year to the extent to which a dividend contribution is payable by the Bureau under this section, or to the extent to which taxes are payable by the Bureau under the law of the Commonwealth, in respect of the same financial year.