Intellectual Property Rights from Publicly Financed Research and
R 385
Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 13 : Administrative Penalties171. Application of amounts paid as administrative penalties |
All amounts recovered by a responsible authority as administrative penalties must be applied—
| (a) | first, to reimburse the responsible authority for its costs and expenses reasonably and properly incurred in connection with the relevant contravention, making the order and enforcing it; and |
| (b) | then, the balance after applying the amount in accordance with paragraph (a) must be paid into the National Revenue Fund. |
