AustLII Tasmanian Numbered Acts

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GOVERNMENT BUSINESS ENTERPRISES AMENDMENT ACT 2004 (NO. 35 OF 2004) - SECT 7

Section 84 amended (Determination of dividend)

Section 84 of the Principal Act is amended by omitting subsection (2) and substituting the following subsections:
(2)  The Treasurer and Portfolio Minister must not approve a recommendation that would result in a Government Business Enterprise being required to pay a dividend that exceeds the profit of the Government Business Enterprise.
(2A)  The Treasurer and Portfolio Minister must not make a direction that would result in a Government Business Enterprise being required to pay a dividend that exceeds the profit of the Government Business Enterprise for the financial year to which the dividend relates.



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