- 41
(3) The financial year of Malawi Posts shall end on 30th June.
(4) The Minister may, by order published in the Gazette, prescribe a different date for the
ending of the financial year of Malawi Posts.
82. —(1) As soon as practicable, but not later than six months after the expiry of each
financial year, Malawi Posts shall publish and submit to the Minister a report concerning its
activities during that financial year.
Annual report
(2) The report referred to in subsection (1) shall be in such form as the Minister, after
consultation with the Authority, shall approve and shall include information on the financial
affairs of Malawi Posts, and there shall be appended to the report—
(a) an audited balance sheet;
(b) an audited statement of income and expenditure; and
(c) such other information as the Minister may direct.
Transfer of
assets, etc.
83. —(1) Before the transfer date, the Malawi Posts and Telecommunications Corporation
shall take steps to separate the telecommunications network and telecommunications service
from the provision of postal services and the operation of post offices.
(2) On the transfer date, all property, rights, duties, obligations and liabilities which were
comprised in the part of the undertakings of the Malawi Posts and Telecommunications
Corporation concerned with the provision of postal services and the operation of post offices
shall be transferred to Malawi Posts.
Election to
transfer to
employment
with Malawi
Posts
84. —(1) Any employee of the Malawi Posts and Telecommunications Corporation whose
duties relate wholly or mainly to the provision of postal services or the operation of post
offices may elect to transfer to the service of Malawi Posts.
(2) Any person who—
(a) was in the service of the Malawi Posts and Telecommunications Corporation
immediately before the establishment of Malawi Posts; and
(b) has elected to transfer to the service of Malawi Posts not less than ninety days before
the transfer date,
shall enjoy terms and conditions of services after his transfer that are no less favourable than
those he enjoyed before his transfer, and his previous service with the Malawi Posts and
Telecommunications Corporation shall be treated as service with Malawi Posts for the
purpose of determining his rights to or eligibility for any pension, gratuity, leave or other
benefits.
(3) Any person who transfers to the service of Malawi Posts in accordance with provisions
of subsection (2) shall not be entitled to receive any other compensation for having left the
service of the Malawi Posts and Telecommunications Corporation.
Exemption
from liability
of Malawi
Posts
85. —(1) Save in so far as it is otherwise provided in its licence or in regulations issued or
made under this Act, Malawi Posts shall not incur any liability—
(a) by reason of the loss, misdelivery or delay of, or damage to, any postal article in the