Financial and Fiscal Commission Act, 1997 (Act No. 99 of 1997)

Part 5 : Finances of Commission

Purchase

As accounting officer of the Commission, the chief executive officer must—

[Words preceding section 24(a) substituted by section 15(a) of Act No. 4 of 2015]

(a)	keep full and proper records of—

(i)	all income and expenditure of the Commission; and

(ii)	all the Commission’s assets, liabilities and financial transactions;

(b)	ensure that the Commission’s available resources are properly safeguarded and used in the most efficient and effective way;

(c)	ensure that all statutory measures applicable to the Commission are complied with; and

(d)	within two months after the end of each financial year, prepare annual financial statements as required by the Public Finance Management Act.

[Section 24(d) substituted by section 15(b) of Act No. 4 of 2015]