s.9Calculated profits
9
Section 9Part 2Establishment, Capital and Administration of Authority

Calculated profits

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The net profits of the Authority for any financial year shall include, but shall not be limited to, the income from the investments of the Authority, and the profits from the sales of investments belonging to the Authority; and shall be determined by the Authority after meeting or providing for all expenditure for that year and making such provisions for contingencies and the establishment of such additional reserves as it may consider desirable.

Defined Terms

net profitsfinancial year