Arrangement of Sections CAP. 35.05 21 Tuvalu Telecommunications Corporation Act Appointment of employees of the Corporation ....................................................14 PART IV - FINANCIAL PROVISIONS 22 23 24 25 26 27 28 29 29A 29B 29C 29D 30 31 32 Funds and resources of the Corporation...............................................................14 Vesting of Government assets etc in Corporation................................................15 Conduct of business on commercial principles ....................................................15 Profits ...................................................................................................................15 Reserve fund.........................................................................................................16 Financial year .......................................................................................................16 Estimates ..............................................................................................................16 Annual reports and accounts etc...........................................................................16 Corporate Plans ....................................................................................................17 Contents of Corporate Plans.................................................................................17 Presentation of Corporate Plans to Minister.........................................................17 Notification of certain matters..............................................................................17 Audit.....................................................................................................................18 Grants, loans, subsidy...........................................................................................18 Difficulties and uncertainties in operation ...........................................................19 PART V - OFFENCES AND PENALTIES 33 34 19 Offences and penalties .........................................................................................19 Compensation.......................................................................................................20 PART VI - MISCELLANEOUS 35 36 37 38 14 20 Repeal of Cap 100 ................................................................................................20 Public emergency .................................................................................................20 Corporation not liable...........................................................................................21 Regulations...........................................................................................................21 Supporting Documents ENDNOTES Page 4 23 2008 Revised Edition