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Competition Act, 1998 (Act No. 89 of 1998)

Chapter 4 : Competition Commission, Tribunal and Court

Part D : Administrative Matters Concerning the Competition Commission and the Competition Tribunal

41. Annual Report

 

(1) Within six months after the end of the Competition Commission's financial year, the Commissioner must prepare and submit to the Minister an annual report in the prescribed form, including—
(a) the audited financial statements prepared in terms of section 40(9);
(b) the auditor's report prepared in terms of section 40(10);
(c) a report of activities undertaken in terms of its functions set out in this Act;
(d) a statement of the progress achieved during the preceding year towards realisation of the purposes of this Act; and
(e) any other information that the Minister, by notice in the Gazette, determines.

 

(2) The Minister must table in the National Assembly each annual report submitted in terms of subsection (1)—
(a) within 10 business days after receiving that report from the Competition Commission, or
(b) if Parliament is not then sitting, within 10 business days after the commencement of the next sitting.

[Section 41(2)(a)(b) substituted by section 14 of Notice No. 1354, GG 21880, dated 13 December 2000]