Contents of Section

Chapter:

430 PDFTitle:TRADING FUNDS ORDINANCEGazette Number:
Section:5Heading:Income, expenses and liabilitiesVersion Date:30/06/1997

(1) Notwithstanding any provision of another Ordinance, the income received for the provision of a government service in respect of which a trading fund is established under section 3 is to be paid into the trading fund.
(2) The expenses incurred in providing the government service and the financing of liabilities of the trading fund are to be paid out of the trading fund.
(3) With the approval of the Financial Secretary, the general manager may establish reserves in the accounts of the trading fund and may make transfers into and out of those reserves.
(4) In this section, "income" (收益) includes a grant from the general revenue.

(Enacted 1993)