TRAVEL AGENTS (AMENDMENT) BILL 1988
The Financial Secretary moved the Second Reading of :'A Bill to amend the Travel Agents Ordinance'.
He said :
Sir,
I move that the Travel Agents (Amendment) Bill 1988 the second time.
cap
be read the
The purpose of this Bill is to assist the outbound travel industry to introduce self-regulation. The proposals
for self-regulation were
were announced in December last year after the Governor in Council endorsed the major principles of the policy. These measures were designed to meet three objectives :
first, to introduce self-regulation of the
outbound
travel industry
government involvement;
with limited
secondly, to replace the Travel Agents' Reserve Fund with a new compensation scheme to be established by the travel industry offering the travelling public a degree of protection; and
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