Intellectual Property Rights from Publicly Financed Research and
R 385
Consumer Protection Act, 2008 (Act No. 68 of 2008)Chapter 5 : National Consumer Protection InstitutionsPart B : Establishment of National Consumer Commission90. Finances |
| 1) | The Commission is financed from— |
| a) | money appropriated by Parliament; |
| b) | any fees payable to the Commission in terms of this Act; |
| c) | income derived from its investment and deposit of surplus money in terms of subsection (2); and |
| d) | money accruing from any other source. |
| 2) | The Commission may invest or deposit money of the Commission that is not immediately required for contingencies or to meet current expenditures— |
| a) | on a call or short-term fixed deposit with any registered bank or financial institution in the Republic; or |
| b) | in an investment account with the Corporation for Public Deposits established in terms of section 2 of the Corporation for Public Deposits Act, 1984 (Act No. 46 of 1984). |
| 3) | The financial year of each of the Commission is the period of 12 months beginning 1 April each year, and ending on the following 31 March, except that the first financial year— |
| a) | begins on the early effective date, as defined in item 1 of Schedule 2; and |
| b) | ends on the next following 31 March. |
