40. 41. Transitional provisions (1) For the purposes of the Statutory Bodies (Accounts and Audit) Act, the period extending from the commencement of this Act to 30 June next following shall be deemed to be the first financial year of the Authority. (2) Section 7(1) of the Statutory Bodies (Accounts and Audit) Act shall not apply to the first financial year of the Authority. Commencement Proclaimed by [Proclamation No. 44 of 2000] w.e.f 1st January, 2001 -------------------------------FIRST SCHEDULE (section 2) LICENCES Part I Radio Broadcasting Licences 1. Public Radio Medium Wave Broadcasting Licence To establish and operate a radio broadcasting service in the medium wave frequency band on those frequencies allocated to the Corporation and in terms of the Mauritius Broadcasting Corporation Act. 2. Public Radio FM Broadcasting Licence To establish and operate a radio broadcasting service in the VHF FM band on those frequencies allocated to the Corporation and in terms of the Mauritius Broadcasting Corporation Act. 3. Private Commercial Free to Air Medium Wave Radio Broadcasting Licence To establish and operate a private commercial free to air radio broadcasting service in the medium wave frequency band on those frequencies allocated to the licensee.