Hong Kong Ordinances

EMPLOYEES RETRAINING ORDINANCE - SECT 10

Accounts and statements

(Past version on 30/06/1997).

Adaptation amendments retroactively made - see 56 of 2000 s. 3

(1) The Board shall keep proper books or records of account, vouchers,
receipts and other records in relation to the accounts and shall cause to be
prepared for each financial year a statement of the accounts of the Board
which shall-

   (a)  include an income and expenditure account and balance sheet; and

   (b)  be signed by the Chairman.

(2) The signed statement of the accounts of the Board shall be submitted by
the Chairman to the auditor appointed by the Board under section 11 not later
than 6 months following the end of the financial year to which it relates or
by such later date as the Chief Executive may allow. (Amended 56 of 2000 s. 3)

(3) For the purposes of this section the Board may write off the whole or any
part of any debt due to the Board which it reasonably considers irrecoverable.

(4) Any write off under subsection (3) shall not extinguish any right of the
Board to recover the debt which has been written off. (Enacted 1992)