24Dividends and related party transactions

24 Dividends and related party transactions

(1) The provider’s total dividend distributions during a financial year must not exceed the provider’s after tax profit for the previous financial year. (2) Any transaction between the provider and key personnel or related parties may only be made: (a) where the transaction is reasonably necessary for the operations of the provider; and (b) where the terms and conditions of the transaction are reasonable having regard to the circumstances of the provider.