TNAG-1733-FCO40-2446-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1988 — Page 274

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The Bill also contains a transitional provision to preserve claims for

for exfgratia compensation lodged with the Je Registrar under section 43 of the Ordinance, prior to a

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specified date. The date is to be specified by the Governor by notice in the Gazette. After that date, no claims will

be entertained against the Travel Agents' Reserve Fund. The

purpose of

of this transitional provision is to enable the former clients of travel agents which defaulted last year, namely, Austravel and Р

Travel Service, to apply for exfgratia compensation in the next few months: The winding-up proceedings in

in respect of

of Austravel have been completed and the majority of former customers have already applied for exfgratia payments from the Travel Agents' Reserve Fund. The winding-up proceedings for PC, Travel

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Service will soon be completed and former clients may submit applications for exfgratia compensation later.

Sir, the Bill is the culmination of many months of extensive consultation resulting in a consensus of opinion that self-regulation of the outbound travel industry should be introduced. In the initial phase of developing self-regulation, the Government will continue to perform the

Provisions have been made in the Bill

licensing function.

and the constitution of the TIC to enable the Government to oversee the self-regulation scheme and the new compensation The Government will work closely with the

arrangements.

industry in implementing the various measures.

adjourned.

Sir, I move that the debate on this motion be now

question on adjournment proposed, put and agreed to.

a