Financial Management of Parliament Act, 2009 (Act No. 10 of 2009)

Chapter 4 : Cash Management and Investment

Purchase

(1)	The Executive Authority must prescribe in accordance with section 65 an appropriate policy—

(a)	to ensure efficient and effective banking and cash management; and

(b)	for investing money not immediately required.

(2)	The Accounting Officer is responsible for establishing systems and procedures for the effective implementation of the policy prescribed in terms of subsection (1).