Acts Online
GT Shield

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

Chapter 5 : Financial Management

31. Revenue management

 

(1) The Accounting Officer is responsible for managing the revenue of Parliament.

 

(2) For the purposes of subsection (1), the Accounting Officer must ensure that—
(a) Parliament has effective revenue collection systems;
(b) all money received is deposited promptly into the bank account contemplated by section 25(1)(a);
(c) Parliament maintains an accounting and information system which—
(i) recognises revenue when it is earned or becomes due; and
(ii) accounts for receipts of revenue;
(d) Parliament maintains a system of internal control in respect of revenue; and
(e) all revenue received by Parliament is reconciled at least on a weekly basis.