Section 15: Reserve Fund
consolidated text (as at 1985, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
15. Reserve Fund
(1) The Corporation shall establish a Reserve Fund into which shall be
paid yearly such sums as the Board may determine, after payment of expenses authorised to be incurred under this Act.
(2) The Board may, with the approval of the Minister, apply the Reserve
Fund for—
(a) the payment of contingencies;
(b) the redemption of any debt or liability of the Corporation;
(c) the equalisation of dividends; or
(d) the distribution of a share of profits to the staff of the Corporation in such manner and at such time as it may determine.