(1) In this section:
"accounting period" shall be construed in accordance with section 27 of the Taxes Consolidation Act 1997;
"surcharge" means the tax referred to in subsection (3);
"underlying loss" means the amount, if any, by which the aggregate of losses incurred by NAMA (including NAMA group entities) exceeds the aggregate of the profits arising to NAMA (including those entities) in the period from the date of its establishment to the date referred to in the direction under subsection (2) or the date of the occurrence of the event so referred to.
(2) If -
(a) the Minister decides under section 227(3)(b) that the continuation of NAMA is unnecessary having regard to the purposes of this Act, the Minister shall, or
(i) 10 years have elapsed since the establishment of NAMA, or
(ii) the Minister proposes to publish or has published a Bill for NAMA's dissolution, restructuring or material alteration,
the Minister may,
direct NAMA to prepare a report and accounts as at a date speci
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