Queensland Consolidated Acts Queensland Consolidated Acts(1) For applying section 661 to a water authority for the financial year in which it becomes a category 1 water authority—
(a) the period (the applicable period) in relation to which an interim dividend is payable is, at the discretion of the Minister—
(i) the first 6 months of the financial year; or
(ii) the part of the 6 months for which it was a category 1 water authority; and
(b) the Minister must, when acting under section 661(1) to require the authority to make a recommendation, also notify the authority of the applicable period.
(2) However, when the Minister exercises the Minister's discretion under section 662(a), the Minister is not bound by an applicable period previously decided and notified under subsection (1).