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Old 31st Oct 2018, 23:22
  #12 (permalink)  
601
 
Join Date: Mar 1999
Location: Brisbane, Qld, Australia
Age: 78
Posts: 1,480
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46 Payments of dividends by AA to the Commonwealth

(1) Within 4 months after the end of each financial year, the Board must recommend to the Minister in writing that AA:

(a) pay a dividend of a specified amount to the Commonwealth, in relation to AA’s operations in the financial year; or

(b) not pay any dividend to the Commonwealth for the financial year.
Why on earth do "Govt Business Enterprises" have to make a profit and pay a dividend?
If they don't make a profit to pay a dividend, does ASA borrow the money to pay the required dividend as happened in Qld with the power stations?
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