Malaysia legislation
Section 13
Section 13
(1)
Every licensed operator shall -
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(a)
within three months after the end of each financial year or such longer period as the Port Authority may allow, submit to the Port Authority -
(i)
a report of its operation during the financial year containing such information as is necessary to enable the Port Authority to make an informed assessment of such operation; and
(ii)
its audited annual balance sheet, profit and loss account, together with any note thereon, and the reports of the auditor and the directors; and
(b)
submit to the Port Authority –
(i)
such statistical information relating to its operation as may be required by the Port Authority from time to time;
(ii)
its cargo forecast over such period and in such form as may be determined by the Port Authority from time to time; and
(iii)
future development plans relating to any service or facility which it is bound to provide under the conditions of the licence.
(2)
The Port Authority may require a licensed operator to submit such further or additional information as it may deem necessary either by way of an explanation, amplification or otherwise with reference to any report or information forwarded by the licensed operator under subsection (1) and such information shall be submitted within the period and in such manner as the Port Authority may require.
Licensed operator to keep Port Authority informed of certain matters.