46AInterim dividends

##### 46A Interim dividends (1) In this section: > interim dividend, in relation to a financial year, means an amount paid on account of the dividend that may become payable under section 46 for the financial year. (2) The Board must, before 1 March in each financial year, by notice in writing given to the Minister, recommend that the Corporation pay a specified interim dividend, or not pay any interim dividend, to the Commonwealth for the financial year. (3) In making a recommendation, the Board must have regard to: (a) the matters specified in paragraphs 39(1)(a), (c), (d), (e) and (f); and (b) the extent of the Commonwealth’s equity in the Corporation; and (c) such other commercial considerations as the Board considers fit. (4) The Minister must, within 45 days after receiving a recommendation, by written notice to the Board, either: (a) approve the recommendation; or (b) give directions to the Board in relation to the payment of an interim dividend. (5) The Minister must, in giving a notice under subsection (4), have regard to: (a) the matters specified in paragraphs 39(1)(a), (c), (d), (e), (ea) and (f); and (b) the extent of the Commonwealth’s equity in the Corporation; and (c) such other commercial considerations the Minister thinks appropriate. (6) If an interim dividend is approved or directed under subsection (4), the Corporation must pay the interim dividend to the Commonwealth by 15 June in the financial year.