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In forceUpdated to 1 Jan 2006

Part IV · Financial Provisions

50. Commission to provide for fulfilment of liabilities

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(1)

The Commission shall make, so far as in its power lies and taking one year with another, ample provision either by retrenchment of expenditure or by increase of rates, for the due fulfilment of all its liabilities and for the efficient administration of the undertaking vested in it under this Act.

(2)

In the event of any deficiency being at any time anticipated in the income of the Commission, it shall forthwith take such steps as seem most expedient for preventing the deficiency.

Report

Part V

Duties and Powers of the Commission

Part VI

Limitation of Liability

Part VII

Offences, Damages, Penalties and Proceedings

Part VIII