sec.57VAmount of annual return

### sec.57V Amount of annual return During the estimate advice period in each year, a dual sector entity must give the Minister— an estimate of its VET surplus for the year; and a recommendation about the amount of the annual return to be paid for the year. The dual sector entity is not stopped from recommending that no return is payable for a particular year. Before the year ends, the Minister must either accept the recommendation or give the dual sector entity a direction to pay an annual return of a different stated amount. The amount of the annual return must not be more than the VET surplus for the year. In this section— estimate advice period , in a year, means the period from 1 November to 15 November in the year. VET surplus , for a dual sector entity for a year, means the surplus generated by the entity for the year in the performance of its VET operations after— providing for income tax or its equivalent; and excluding any unrealised capital gains from upwards revaluation of non-current assets. s 57V ins 2014 No. 24 s 6 (sec.57V-ssec.1) During the estimate advice period in each year, a dual sector entity must give the Minister— an estimate of its VET surplus for the year; and a recommendation about the amount of the annual return to be paid for the year. (sec.57V-ssec.2) The dual sector entity is not stopped from recommending that no return is payable for a particular year. (sec.57V-ssec.3) Before the year ends, the Minister must either accept the recommendation or give the dual sector entity a direction to pay an annual return of a different stated amount. (sec.57V-ssec.4) The amount of the annual return must not be more than the VET surplus for the year. (sec.57V-ssec.5) In this section— estimate advice period , in a year, means the period from 1 November to 15 November in the year. VET surplus , for a dual sector entity for a year, means the surplus generated by the entity for the year in the performance of its VET operations after— providing for income tax or its equivalent; and excluding any unrealised capital gains from upwards revaluation of non-current assets. - (a) an estimate of its VET surplus for the year; and - (b) a recommendation about the amount of the annual return to be paid for the year. - (a) providing for income tax or its equivalent; and - (b) excluding any unrealised capital gains from upwards revaluation of non-current assets.