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
is responsible for its own finances and must meet its expenditure
with its own 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 Legislative Council of the Hong Kong Special Administration Region each year.
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