Hong Kong Ordinances

TRAVEL AGENTS ORDINANCE - SECT 32N

Use of resources of Travel Industry Council

(Past version on 18/06/2004).
(Past version on 30/06/1997).

For the saving and transitional provisions relating to the amendments made by
the Resolution of the Legislative Council (L.N. 130 of 2007), see paragraph
(12) of that Resolution.

(1) The Travel Industry Council shall ensure, as far as reasonably
practicable, that in any financial year to which this section applies, a
specified percentage of its recurrent expenditure is met out of its
relevant income.

(2) The Secretary for Commerce and Economic Development may specify in writing
a percentage for the purposes of subsection (1). (Amended L.N. 125 of 2004;
L.N. 130 of 2007)

(3) This section applies to the financial year next following the
commencement* of the Travel Agents (Amendment) Ordinance 1993 (51 of 1993) and
every subsequent financial year.

(4) In subsection (1)-

"relevant income" (有關收入) means income other than income derived from
the Council levy;

"specified" (指明) means specified for the time being by the Secretary for
Commerce and Economic Development under subsection (2). (Amended L.N. 125 of
2004; L.N. 130 of 2007) (Part IIIA added 51 of 1993 s. 5)
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* Commencement date: 15 October 1993.

"relevant income" (有關收入)

"specified" (指明)