Document ID: chunk:federal_register_of_legislation:C2007C00134:clause:2_1157
Version: federal_register_of_legislation:C2007C00134
Segment Type: clause
Provision Reference: sch 2 cl 1157
Character Range: 207667–208298

1157  At the end of section 30
Add:

 (2) If the net profit of the Bank for a year is calculated on a basis that requires the inclusion of unrealised gains on assets during the year, the amount to which subsection (1) applies is to be worked out as follows:
 (a) deduct from the net profit an amount equal to the total of all amounts of unrealised gains included in the net profit; and
 (b) if an asset in respect of which unrealised gains were included in the net profit for a previous year or years is realised during the year—add to the amount remaining after applying paragraph (a) the total amount of those unrealised gains.