18EDividends from Mersey Community Hospital Fund

18E Dividends from Mersey Community Hospital Fund

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

(1)  The Corporation is to pay into the Public Account, no later than 15 June in each financial year in which this Part is, for all or part of the year, in effect, a dividend for the financial year.

(2)  The amount of the dividend for a financial year is the amount of the dividend, for the financial year, determined in accordance with section 18F .

(3)  Subsection (1) does not apply in relation to the 2016-2017 financial year.

(4)  The purpose of the payment of a dividend under subsection (1) is to ensure the ongoing funding of the Mersey Community Hospital.

(5)  The dividend is to be paid out of the Fund.

(6)  Division 2 of Part 11 of the Government Business Enterprises Act 1995 does not apply in relation to a dividend under this Part.

(7)  Subject to subsection (6) , nothing in this Part is to be taken to affect the application to the Corporation of Division 2 of Part 11 of the Government Business Enterprises Act 1995 .