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

13. Disposal Management

Purchase

The Accounting Officer may alienate, let or otherwise dispose assets of Parliament in accordance with the Delegation of Authority: Provided that—

(a)	any transfer of assets to another organ of state must be at market-related value or, where appropriate, free of charge;

(b)	any selling of assets at market-related value must be by way of written quotations, a competitive bidding process or auction, whichever is the most efficient and effective, taking account of the costs of disposal;

(c)	the highest possible value is negotiated for any trade-in of an asset for another asset; and

(d)	any disposal of assets must take into account the public interest and be development-orientated.