| (a) |
amounts received by the financial sector body as fees and levies; |
| (b) |
funds accruing to the financial sector body from any other source; and |
| (c) |
interest on amounts standing to the credit of the financial sector body in an account. |
| (2) |
The money of a financial sector body may be applied only as follows: |
| (a) |
To the general administrative and operating costs of the financial sector body; |
| (aA) |
in respect of deposit insurance levies received by the Corporation, to the general administrative and operating costs of the Fund; |
[Section 247(2)(aA) inserted by the Schedule: Amendment of Laws: Section 4 of the Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Act, 2022 (Act No. 12 of 2022), Notice No. 1512, GG47696, dated 9 December 2022 - effective 1 April 2024 per section (d), item (14) of Commencement Notice No. 3188, GG48291, dated 24 March 2023]
| (b) |
to exercise the powers, perform the functions, and fulfil the duties of the financial sector body in terms of the financial sector laws; and |
| (c) |
to repay amounts paid to it in error. |
Older Persons Act, 2006
