31CInterim payments

31C Interim payments

(1) The Corporation shall, from time to time during a financial year, pay to the Commonwealth such an amount, or such amounts, as the Minister directs on account of the amount that is expected to become payable by the Corporation in respect of that financial year in accordance with a determination of the Minister under subsection (1) or (1A) of section 31B. (2) The Minister shall not make a direction under subsection (1) during a financial year unless he has given the Corporation a reasonable opportunity to furnish to him particulars of its estimated profits for that financial year and any advice that the Corporation wishes to furnish to him concerning its financial affairs and has had regard to any particulars and advice so furnished to him. (3) Where the amount, or the total of the amounts, paid by the Corporation to the Commonwealth during a financial year under subsection (1) of this section exceeds the amount (if any) on account of which the amount was, or amounts were, paid, the amount of the excess shall be treated as having been paid by the Corporation to the Commonwealth under subsection (1) of this section during the next succeeding financial year.