s 34
In forceMaintenance of separate accounts and records
Part 4Administrative and accounting arrangements
Division 3Segregation of access‑related functions
34 Maintenance of separate accounts and records
A railway owner must ensure that its accounts and records are in such form as to enable —
(a)
all income, expenditure, assets and liabilities relating to the carrying out of its access‑related functions to be properly recorded and distinguished from the railway owner’s other income, expenditure, assets and liabilities; and
(b)
where necessary, any item of income, expenditure, assets or liabilities which relates only in part to the carrying out of its access‑related functions to be apportioned in a fair and reasonable manner.
[Section 34 amended: No. 13 of 2000 s. 85.]
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