18DMersey Community Hospital Fund

18D Mersey Community Hospital Fund

[Section 18D Inserted by No. 25 of 2017, s. 4, Applied:30 Jun 2017]

(1)  The equity contribution referred to in section 18C(1) , and any returns, and capital gains or losses, that accrue in relation to the equity contribution, comprise the Mersey Community Hospital Fund (the Fund).

(2)  The Corporation is to invest, in accordance with the guidelines, in relation to investment, comprised in Treasurer's Instructions for the purposes of the Government Business Enterprises Act 1995 , so much of the amount standing from time to time in the Fund as is not required, at the time of the investment, to be paid out of the Fund as a dividend under this Part.

(3)  For the purposes of this Part, the Treasurer may issue under section 114 of the Government Business Enterprises Act 1995 Treasurer's instructions so as to –

(a) provide guidelines relating to the determination, calculation and payment of dividends, within the meaning of this Part, and any other matter connected with such dividends; or

(b) apply, to dividends, within the meaning of this Part, guidelines made under that section in relation to dividends, or special dividends, within the meaning of that Act.