Insurance Ordinance

(1)
The financial year of the Authority begins on 1 April in each year.
(2)
However, the first financial year of the Authority is
to—
(a)
begin on the commencement
                        date
*
of section 15 of the Amendment Ordinance; and
(b)
end on the following 31 March.
(3)
The Authority must, no later than 31 December in each financial year, submit to
                the Financial Secretary for approval a corporate plan for the next financial
                year.
(4)
A corporate plan for a financial year must
specify—
(a)
the objectives of the Authority’s activities for that year;
(b)
the nature and scope of the activities to be undertaken in order to achieve
                    those objectives; and
(c)
the estimates of the Authority’s income and expenditure for that
                    year.
(5)
The Financial Secretary must lay a copy of the estimates specified in the
                corporate plan as approved under subsection (3) on the table of the Legislative
                Council.