System of Accounting Receipts and Disbursement of Moneys Regulations

11/Nov/1998 - Current (at 31 Dec 2005)
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    23. Treatment of profit or loss

    The profit or loss of each Trading Concern for each year, when ascertained, shall be treated in such manner as the Treasurer shall direct, but any estimated profit available in cash, during the course of the financial year, and not required in the Trading Concern, may be paid to credit of the Consolidated Revenue Fund, when directed by the Treasurer, but should unforseen circumstances arise that any portion or all of such money so carried to Consolidated Revenue Fund be required by the Concern, the amount so required shall be re-transferred to the Banking Account.

    [Regulation 23 amended by No. 8 of 1925 s.2.]

Note: This is not an authorised version. The only authorised version is the hardcopy (printed) version published under authority of the Government Printer, available from the State Law Publisher, 10 William St Perth W.A. 6000.