Section 22

The Fund shall be managed under a separate bank account and shall only be used for the promotion of the product under the franchise.

If a franchisee is required to make any payment under section 23, the franchisor shall submit a financial statement of the

Fund, which has been endorsed by a registered public accountant, to the Registrar within thirty days after the conclusion of the last financial term.

The financial statement in subsection (3) shall be submitted to the Registrar together with the annual report under section 16.

A person who fails to comply with this section commits an offence.

Franchise 25

Promotion fees, etc.