Section 23A Sustainability duty of CorporationF1

(1)

The Corporation must carry on their activities in the way that they have reasonable grounds to consider would be most likely to enable the Corporation, over the long term—

(a)

to maintain or increase the amount of activity that is done in pursuance of their primary functions, and

(b)

to be securely in a position to meet costs incurred in the carrying out of their primary functions.

(2)

In this section, “primary functions” has the same meaning as in section 199(1) of the Communications Act 2003.

Annotations

Textual amendments

F1: S. 23A inserted (23.8.2024) by Media Act 2024 (c. 15), ss. 29(2), 55(3)(b); S.I. 2024/858, reg. 2(1)(i)

Notes on Part I

Textual amendments

F1: Pt I (ss.1-71) applied (1.10.1996) by 1988 c. 48, s.72, as replaced 1996 c. 55, s. 138, Sch. 9 para. 1; S.I. 1996/2120, art. 4, Sch. 1

Modifications

C1: Pt. 1: transfer of functions (29.12.2003) by Communications Act 2003 (c. 21), s. 411(2), Sch. 1 para. 3(a) (with Sch. 18); S.I. 2003/3142, art. 3(1), Sch. 1 (with art. 11)

Notes on Chapter II

Modifications

C1: Pt. 1: transfer of functions (29.12.2003) by Communications Act 2003 (c. 21), s. 411(2), Sch. 1 para. 3(a) (with Sch. 18); S.I. 2003/3142, art. 3(1), Sch. 1 (with art. 11)