18FDetermination of amount of dividend

18F Determination of amount of dividend

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

(1)  For the 2017-2018 financial year, the amount of the dividend is $78 142 500.

(2)  The amount of the dividend for each financial year after the 2017-2018 financial year is the amount of the dividend for the immediately previous financial year, as increased by 3.5%.

(3)  Despite subsections (1) and (2) , if the amount in the Fund is insufficient to pay all of the amount of the dividend calculated in accordance with subsection (2) in relation to a financial year, the amount of the dividend for that financial year is the amount equal to all of the remaining amount in the Fund.

(4)  This Part ceases to be in effect when the amount of the dividend for a financial year is the amount calculated in accordance with subsection (3) .