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Lotteries Act, 1997 (Act No. 57 of 1997)

Regulations Relating to Allocation of Money in National Lottery Distribution Trust Fund, 2000 [Repealed]

6. [Repealed] Requirements for the allocation of funds for miscellaneous purposes (sec 31(2))

[Regulation 6 repealed by Notice No. R. 645 dated 20 July 2010]

 

A juristic person applying for a grant in terms of section 31 of the Act, in respect of any matter approved by the Minister as contemplated in section 26(3)(e) of the Act, shall-

a) state that its income and property are not distributable to its members, employees or managers, except as reasonable compensation for services rendered;
b) indicate that changes in the composition of its membership or management will not substantially affect its continued existence;
c) establish that it aims to improve the quality of life of people and communities who are disadvantaged by poverty or social exclusion;
d) indicate that the projects undertaken or to be undertaken shall be for the public good and that there is a clear demand therefor;
e) indicate that the projects undertaken or to be undertaken shall promote social inclusion and encourage community involvement;
f) indicate that the project or intended project produces or will produce significant improvements or new developments which would not otherwise have taken place;
g) establish that project or intended project is financially viable and capable of being implemented;
h) establish that it has adequate measures and procedures for the proper application of sound, economically efficient and effective management;
i) establish that proper accounting records are kept;
j) furnish a written report pertaining to its financial state of affairs and activities;
k) indicate the procedure for changing its constitution in respect of its aims.