$3billion dividend from TAC

The minister in her response said that the financial strength of the TAC was utmost in the government’s thinking. The latest TAC annual report, however, shows that TAC liabilities exceed TAC assets by more than $400 million. The budget proposes over the next four years to extract almost $3 billion from the TAC, so given the TAC balance sheet is already in the red, how is it sustainable to extract a further $3 billion in dividends?




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