44Extra financial matters to be included in annual reports

#### 44 Extra financial matters to be included in annual reports (1) The annual report on Australia Post given to the Minister under section 46 of the Public Governance, Performance and Accountability Act 2013 for a period must also: (a) specify the financial targets applicable to the period 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 period; and (e) if the Minister has, under subsection 54(3), directed the payment of a dividend, or a different dividend, for the period—specify the recommendation made by the Board to the Minister in relation to the dividend for the period; and (f) include particulars of any amounts of capital repaid to the Commonwealth during the period; 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 way consistent with any government policy orders that apply in relation to Australia Post under section 22 of the Public Governance, Performance and Accountability Act 2013 for the period; and (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 35 of the Public Governance, Performance and Accountability Act 2013.