Note 23. Equity - Dividends Paid and Payable
|
2019 |
2018 |
|
|---|---|---|
|
$'000 |
$'000 |
|
|
Interim dividend declared and paid to the Australian Government |
5,866 |
6,382 |
|
Final dividend to the Australian Government payable at the reporting date |
3,959 |
5,213 |
|
9,825 |
11,595 |
Accounting policy for dividends
Hearing Australia's dividend payment is paid according to a directive from the Minister for Human Services under section 63A of the Australian Hearing Services Act 1991. Dividend payments are typically made to the Official Public Account via the Department of Human Services in two instalments; an interim dividend paid by 30 April and a final dividend paid by 31 October each year. From time to time there may be a requirement to pay an additional dividend.
Visit
https://www.transparency.gov.au/annual-reports/hearing-australia/reporting-year/2018-2019-72