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(g) the expectation of the Government that the Authority will pay a
reasonable dividend as other needs of the Authority permit;
(h) any contributions to international bodies connected with company
law or intellectual property; and
(i) any other commercial consideration that the Registrar General
considers appropriate.
(3) The business plan under subsection (1) shall contain financial
targets and performance targets for the Authority and shall be submitted
to the Minister after approval by the Board.
(4) The Board shall submit the business plan to the Minister at least
four months prior to the commencement of a new financial year, and
the Minister shall submit any comments he or she may have on it not
later than two months after its receipt.
(5) The Authority shall provide to the Minister an estimate of any
subsidy funding required to maintain operations during the coming
financial year which estimate shall identify specific uses to which the
funds will be put, why the service is required, and what actions are
being taken to reduce the amount of any subsidy required, at least four
months prior to the commencement of the financial year in question.
35. (1) The Authority may, out of its revenues, establish and maintain
such pension, superannuation, provident or other funds as it may consider
desirable or necessary for the payment of benefits or other allowances
on the death, sickness, injury, superannuation, resignation, retirement
or discharge of its staff and may make rules providing for the payment
of money out of its revenues to such funds and providing contributions
for such funds by itself.
(2) The Authority may contract with insurance companies or such
other bodies as may be appropriate for the maintenance and administration
of the funds authorised under subsection (1).
Pension and
other funds
PART VIII – Miscellaneous Provisions
36. No matter or thing done or omitted to be done by a member or
staff of the Authority shall, if the matter or thing is done or omitted to be
done bona fide in the course of the operations of the Authority, render a
member or staff personally liable to an action, claim or demand.
37. The Minister, on the recommendation of the Authority, may make
regulations —
(a) for anything which may be prescribed; or
(b) for the better carrying out of the provisions of this Act.
38. (1) Any properties, assets, rights, debts, liabilities and obligations
of the Government and the benefit and burden of all contracts made by
or on behalf of the Government which are part of or concern or relate to
the Registrar of Companies and Intellectual Property Department, may
with the consent of the Board be transferred to and vest in the Authority
as hereinafter provided on terms and conditions agreed to by the Board.
Indemnity
Regulations
Transitional
arrangements