Statistics Act, 1999
R 385
Broadcasting Act, 1999 (Act No. 4 of 1999)Chapter IV : Public Broadcasting Service and Charter of CorporationPart 6 : Financial matters18. Financial regulations |
| (1) | The Corporation must draw up proper financial regulations concerning the manner in which the financial affairs of the Corporation must be managed. |
| (2) | Such regulations must be approved by the Minister after consultation with the Minister of Finance. |
| (3) | The Corporation must make such regulations known in a manner it deems fit. |
| (4) | The Corporation must open and maintain an account with a bank registered as such in the Republic, or with any other financial institution so registered and approved by the Minister of Finance. |
| (5) | The Corporation may with the approval of the Minister invest any surplus funds of the Corporation. |
| (6) | The surplus referred to in subsection (5) must at the end of a financial year, be carried over to the next financial year and form part of the budget of the Corporation for that financial year. |
| (7) | Any dividends received by the State must be paid into the National Revenue Fund. |
