In August 1993 the Land Registry was established
as one of Hong Kong's first Trading Fund Departments.
Under the trading fund model, the Land Registry governs its
own finances, balancing expenditure with income. The Land
Registry has flexibility to respond to the service needs of
clients and customers through autonomy in capital investment
projects to enhance services and operational efficiency.
The Land Registrar serves as the General Manager of the Land
Registry Trading Fund.
The Trading Fund's Annual Report and the certified financial
statements by the Director of Audit must be tabled in the
Hong Kong Legislative Council each year. |