Queensland Numbered Acts Queensland Numbered Acts(1) Section 159(2)--
omit.
(2) Section 159(3)--
omit, insert--
'(3) The recommendation must be accompanied by--
(a) the board's estimate of the GOC's profits (the estimated profits) for the financial year, after provision has been made for income tax or its equivalent; and
(b) if the board has made any adjustment to the estimated profits in making the recommendation--a statement of the amount of, and reason for, each adjustment.
Example of an adjustment to estimated profits--
exclusion of an amount for unrealised capital gains from upwards revaluation of non-current assets'.