Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) For the purposes of this regulation, the profits of the Board for a trading period are the amount (if any) remaining after deducting from the revenue received or receivable in respect of that trading period the expenditure and provision for expenditure properly chargeable against that revenue.
(2) After such provision as the Board considers proper has been made in relation to the Canteen Service for:
(a) repayment of moneys borrowed by the Board under regulation 22;
(b) other liabilities of the Board, accrued or contingent;
(c) reserves; and
(d) amounts required for allocation under subregulation 21 (2);
the Board shall, at least once in each financial year, in accordance with principles approved by the Minister, distribute or cause to be distributed its profits and other surplus funds not required for the future maintenance and operation of the Canteen Service.
(3) The principles approved by the Minister under subregulation (2) shall include the following principles:
(a) the profits and other surplus funds distributed or caused to be distributed under subregulation (2) are to be distributed or caused to be distributed to Army or Air Force units or bases and are to be applied for the provision of amenities, services and facilities at those units and bases for the benefit of members of the Army and the Air Force;
(b) the amount of the profits distributed to an Army or Air Force unit or base in respect of a trading period is to be related, in the manner specified by the Minister, to the contribution that the trading profits of the canteens at that unit or base made to the total trading profits of the Canteen Service during that period; and
(c) the amount of the surplus funds, other than profits, distributed to an Army or Air Force unit or base in respect of a trading period is to be related, in the manner specified by the Minister, to:
(i) the contribution that the trading profits of the canteens at that unit or base made to the total trading profits of the Canteen Service during that trading period; or
(ii) the contribution that the sales of the canteens at that unit or base made to the sales of the Canteen Service during that trading period.
(4) In this regulation trading period means such period as the Board determines having regard to principles approved by the Minister.