Private School Act Enforcement Rules Article 39

When a private school established by a school's corporate body applies to establish a subordinate organization or implement a relevant undertaking pursuant to Article 50 of the Act, the school shall apply to the industry's competent authority in accordance with relevant laws and regulations after obtaining the approval of the school's competent authority.The school's corporate body and the private school it has established shall handle the accounting and financial management of the subordinate organization or relevant undertaking in the foregoing paragraph on the basis of their accounting system and internal control and audit regulations.A subordinate organization in Paragraph 1 may not be a school approved and registered pursuant to the Act.