Commonwealth Consolidated Acts

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AUSTRALIAN POSTAL CORPORATION ACT 1989 - SECT 40

Minister may direct certain variations of corporate plans

  (1)   If the Minister receives a corporate plan for Australia Post under section   35 of the Public Governance, Performance and Accountability Act 2013 , the Minister may, within 60 days and after consultation with the Board, direct the Board to vary either or both of the following:

  (a)   the statement included in the plan of the strategies and policies that Australia Post is to follow to carry out its community service obligations;

  (b)   a financial target under a plan.

  (2)   In exercising powers under paragraph   (1)(b), the Minister shall have regard to:

  (a)   the matters referred to in section   38 (other than the matter referred to in paragraph   (f)); and

  (b)   any other matters the Minister considers appropriate.

  (3)   A direction under subsection   (1) shall be in writing and shall set out the Minister's reasons for the direction.

  (4)   If the Minister gives a direction under subsection   (1), the Minister must cause a copy of the direction to be laid before each House of the Parliament within 15 sitting days of that House after giving the direction.

  (5)   Australia Post must comply with a direction under subsection   (1) and must inform the Minister of the changes made to the plan to comply with the direction.



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