The Laws of Zambia 24. (1) As soon as practicable, but not later than six months after such financial year, the Corporation shall submit to the Minister a report concerning its activities during such financial year. Annual report (2) The report referred to in subsection (1) shall include information on the financial affairs of the Corporation and there shall be appended thereto- (a) a balance sheet; (b) an audited statement of revenue and expenditure; and (c) such other information as the Minister may require. (3) The Minister shall, not later than seven days after the first sitting of the National Assembly next after the receipt of the report referred to in subsection (1), lay it before the National Assembly. PART IV LICENCESPART IV LICENCES 25. (1) Subject to the provisions of this Act, no person other than the Corporation shall operate a broadcasting service in Zambia otherwise than in accordance with the terms and conditions of a licence issued by the Minister and on payment of such fees as the Minister, after consultation with the Board, may prescribe. Licensing of broadcasters (2) In fixing the terms and conditions of a licence to operate a broadcasting service in Zambia the Minister may have regard to the provisions of any agreement between the applicant for the licence and the Corporation. (3) A broadcaster shall comply with the provisions of any convention and any regulations annexed thereto which may be specified from time to time by the Minister by statutory order. 26. (1) Subject to the provisions of this Act no person, other than the Corporation or a person exempted under subsection (3) shall operate a diffusion service in Zambia otherwise than in accordance with the terms and conditions of a licence issued by the Minister and on payment of such fees as the Minister, after consultation with the Board may prescribe. Copyright Ministry of Legal Affairs, Government of the Republic of Zambia Licensing of operator of diffusion service