83Recommendation for dividend payable

83 Recommendation for dividend payable

(1)  [Section 83 Subsection (1) amended by No. 42 of 2002, s. 40, Applied:27 Nov 2002] [Section 83 Subsection (1) substituted by No. 35 of 2004, s. 6, Applied:01 Jan 2005] Within 60 days after the end of each financial year, the Board must advise the Treasurer and the Portfolio Minister of its recommendation for a dividend payable by the Government Business Enterprise in respect of that financial year.

(2)  In a recommendation for a dividend, the Board is to make the following recommendations:

(a) whether or not the Government Business Enterprise should pay a dividend in respect of a financial year; and

(b) if the Board recommends that a dividend should be paid, the amount of that dividend.