The Treasury has released TPP16-04: Financial Distribution Policy for Government Businesses.
The policy outlines the Government's expectations for the payment of dividends by Government Businesses. The policy also covers capital repayments, which represent a return of the Government's equity investment.
TPP16-04 supersedes the previously issued TPP14-4 and TC14-9. This revised policy applies to Government businesses from 1 July 2017, i.e. in relation to Statements of Corporate Intent for 2017-18 and financial years thereafter.
A full version of the Policy can be seen at The Treasury's website.
The Centium Group has been assisting Government businesses, including State Owned Corporations, in meeting their financial management reporting obligations since 1985. This includes advising on, and independently assuring, particulars such as the payment of dividends.
If you would like assistance to ensure your entity complies with the new TPP16-04, contact any of Directors for an informal chat.