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

Chapter 2 : Oversight, Executive Authority and Administration of Act

Part 3 : Administration of Act

7. General financial management functions

 

The Accounting Officer must ensure that—

(a) Parliament’s resources are used effectively, efficiently, economically and transparently;
(b) full and proper records of the financial affairs of Parliament are kept;
(c) Parliament maintains effective, efficient and transparent systems of financial management, risk management, internal control and internal audit;
(d) Parliament complies with any obligations in relation to taxes, levies, duties, pensions, medical aid and auditing that may be imposed by legislation;
(e) unauthorised, irregular and fruitless and wasteful expenditure and other losses are prevented, and appropriate steps are taken where such expenditure has occurred;
(f) disciplinary action is instituted against any employee of Parliament who has allegedly committed an act of financial misconduct; and
(g) when appropriate, criminal proceedings are initiated against any person who has allegedly committed an offence in terms of section 69.