81Deferral or waiver of payment

81 Deferral or waiver of payment

(1)  The Portfolio Minister may request the Treasurer to defer or waive the payment by a Government Business Enterprise of the whole or any part of a payment due under this Division.

(2)  On receiving a request, the Treasurer may –

(a) refuse to grant the request; or

(b) defer the payment to which the request relates or part of that payment; or

(c) waive that payment or part of that payment.

(3)  Where the Treasurer has deferred the whole or part of a payment, the Treasurer must determine the conditions to which that deferral is subject.

(4)  Where the Treasurer has waived the whole or part of a payment, the Treasurer must determine the conditions to which that waiver is subject.

(5)  [Section 81 Subsection (5) amended by No. 4 of 2017, Sched. 1, Applied:01 Jul 2019] Without limiting the conditions that the Treasurer may determine under subsection (4) , the Treasurer may determine that a waiver is subject to the Government Business Enterprise paying into the Public Account, at the times and in the manner determined by the Treasurer, an alternative return specified by the Treasurer.