|411||Title:||EMPLOYEES' COMPENSATION INSURANCE LEVIES ORDINANCE||Gazette Number:|
|Section:||9||Heading:||Financial year and estimates||Version Date:||30/06/1997|
(1) The Board shall fix any period of 12 months to be the financial year of the Board and for the purposes of the payment, receipt and remittance of levy under Part IV, the Board shall divide the financial year as so fixed into such 4 equal periods of 3 months as it may determine.
(2) The Board shall, in each financial year, adopt estimates of income and expenditure in respect of the following financial year and, before a date to be appointed by the Secretary, send them to the Secretary for his approval together with a programme of its activities for that following financial year.
(3) The Secretary may require the resubmission of estimates of income and expenditure or a programme of activities referred to in subsection (2), modified as he may direct.