Older Persons Act, 2006
R 385
Government Employees Pension Law, 1996Annexure 1 : Government Employees Pension Law, 19969. Annual financial statements |
| (1) | The Board shall in respect of each financial year draw up annual financial statements and shall submit copies of such statements, audited in terms of section 13, to the Minister. |
| (2) | The statements mentioned in subsection (1) shall consist of— |
| (a) | a statement of funds and net assets; |
| (b) | a revenue account; |
| (c) | a cash flow statement; |
| (d) | notes to explain such statements; |
| (e) | a report of the Board referred to in section 10; and |
| (f) | such other statements as may be prescribed. |
| (3) | The statements mentioned in subsection (1) shall be in the prescribed form and shall be accompanied by a report of the auditors referred to in section 13. |
| (4) | The annual financial statements referred to in subsection (1) shall, in conformity with generally accepted accounting practice, fairly present the state of affairs of the Fund and its business and financial position as at the end of the financial year in question. |
| (5) | The annual financial statements referred to in subsection (1) shall by figures, a descriptive report and information explain any other matter relevant to the affairs of the Fund. |
| (6) | The Minister shall, within 30 days of the receipt thereof, submit the financial statements, report and information referred to in this section, to Parliament together with such comments as the Minister may wish to make. |
