Public Finance Ordinance

(1)
Without prejudice to
section 39A
, the Financial Secretary
may—
(Amended
89 of 1993 s. 29
;
23 of 2002 s. 122
)
(a)
abandon, remit or waive any claims by or on behalf of the Government;
(b)
write off arrears of revenue;
(c)
write off losses or deficiencies of public moneys, stamps, securities or stores; and
(d)
write off condemned, unserviceable or obsolete stores or other movable property belonging to or provided by the Government.
(1A)
In any case involving fraud or negligence, the Financial Secretary may only exercise the powers under subsection (1) subject to any conditions, exceptions or limitations the Finance Committee may specify.
(Added
23 of 2002 s. 122
)
(2)
The Financial Secretary may in writing delegate to any public officer any of the powers conferred upon him by subsection (1) subject to such conditions, exceptions and limitations as are specified in the delegation.