| (1) |
The Board must furnish to the Minister, on or before 30 September in each year, a report on the work of the Corporation of the previous financial year, together with a balance sheet and a complete statement of revenue and expenditure for that financial year audited by the auditor referred to in section 25, and the report of that auditor, and must give particulars as to— |
| (a) |
the book value of all classes of property owned by the Corporation; |
| (b) |
the amount of securities for loans still outstanding, and the interest thereon, whether paid or unpaid; |
| (c) |
the position of every fund established in terms of this Act; |
| (d) |
the expenses of management and administration and all other expenses of the Corporation; |
| (e) |
the erection and construction, repair, improvement or alteration of any plant, equipment or building, and the cost thereof; |
| (f) |
the price or rent of any land or any other immovable property acquired or hired; |
| (g) |
any other matters which the Minister may require the Board to deal with |
| (2) |
The Minister must table every report furnished in terms of subsection (1) in Parliament, within seven days after receiving it if Parliament is in session, or, if Parliament is not in session, within seven days after the commencement of its next ensuing session. |
| (3) |
The Board must ensure that the Corporation complies with the provisions of the Public Finance Management Act relating to the preparation and submission of annual reports by public entities. |
[Section 28(3) inserted by section 23 of Act No. 64 of 2002, GG 24340, dated 4 February 2003]
Gas Regulator Levies Act, 2002
