Financial Sector Regulation Act, 2017
R 385.00
National Credit Act, 2005 (Act No. 34 of 2005)Chapter 2 : Consumer Credit InstitutionsPart C : Administrative Matters35. Finances |
| (1) | The National Credit Regulator and the Tribunal are each financed from— |
| (a) | money appropriated by Parliament; |
| (b) | any fees payable in terms of this Act; |
| (c) | income derived from their respective investment and deposit of surplus money in terms of subsection (2); and |
| (d) | other money accruing from any source. |
| (2) | The National Credit Regulator or the Tribunal may invest or deposit money that is not immediately required for contingencies or to meet current expenditures— |
| (a) | on a call or short-term fixed deposit with any registered bank or financial Institution in the Republic; or |
| (b) | in an investment account with the Corporation for Public Deposits established in terms of section 2 of the Corporation for Public Deposits Act, 1984 (Act No. 46 of 1984). |
