Section 17Part 0 —
Compliance with Public Management and Finance Law (2010 Revision)
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The Foundation being a statutory authority as defined in section 3 of the Public Management and Finance Law (2010 Revision), that Law applies, without limiting the applicability of that Law in other areas, to —
the Foundation's expenditure budget for each financial year; and
the preparation, maintenance, auditing and publication of the Foundation's accounts.
Without prejudice to any other provision of the Public Management and Finance Law (2010 Revision), section 52 of that Law shall apply to the Foundation and it shall be the duty of the Board to prepare the annual report and perform other duties required by that section.
Where the exercise of a power conferred by or under this Law would be inconsistent with the exercise of a power conferred by or under the Public Management and Finance Law (2010 Revision), that Law shall to the extent of the inconsistency prevail over this Law.
Cross References
- Section 3 of Public Management And Finance Law
Definition of statutory authority
- Section 52 of Public Management And Finance Law
Annual report requirements