Hong Kong Ordinances

BROADCASTING ORDINANCE - SECT 17

Separate accounting

(1) Where a licensee holds a licence under the Telecommunications  Ordinance (
Cap 106), it shall adopt accounting practices which ensure that-

   (a)  its activities in relation to its licence under this Ordinance can be
        readily understood without reference to its activities in relation to
        its licence under that Ordinance; and

   (b)  its activities in relation to its licence under the
        Telecommunications Ordinance ( Cap 106) can be readily understood
        without reference to its activities in relation to its licence under
        this Ordinance.

(2) The Broadcasting Authority may, by notice in writing served on a licensee
to which subsection (1) applies, direct the licensee to adopt an accounting
practice-

   (a)  specified in the direction;

   (b)  for the purpose of securing, or assisting the securing of, compliance
        with that subsection; and

   (c)  which is consistent with generally accepted accounting principles in
        Hong Kong.