sec.56Amount of dividend

### sec.56 Amount of dividend During the period from 1 to 15 May in a financial year the Authority must give the responsible Ministers— an estimate of its profit for the financial year; and a recommendation about the amount of the dividend that may be required to be paid for the financial year. Before the end of the financial year, the responsible Ministers may— approve the recommendation and give the Authority a direction to pay a dividend of that amount; or give the Authority a direction to pay a dividend of a different stated amount. The amount of the dividend for a financial year must not be more than the amount that would be allowed to be paid by a company under the Corporations Act, part 2H .5 if the Authority were a company. (sec.56-ssec.1) During the period from 1 to 15 May in a financial year the Authority must give the responsible Ministers— an estimate of its profit for the financial year; and a recommendation about the amount of the dividend that may be required to be paid for the financial year. (sec.56-ssec.2) Before the end of the financial year, the responsible Ministers may— approve the recommendation and give the Authority a direction to pay a dividend of that amount; or give the Authority a direction to pay a dividend of a different stated amount. (sec.56-ssec.3) The amount of the dividend for a financial year must not be more than the amount that would be allowed to be paid by a company under the Corporations Act, part 2H .5 if the Authority were a company. - (a) an estimate of its profit for the financial year; and - (b) a recommendation about the amount of the dividend that may be required to be paid for the financial year. - (a) approve the recommendation and give the Authority a direction to pay a dividend of that amount; or - (b) give the Authority a direction to pay a dividend of a different stated amount.