In this Act, unless the context otherwise indicates—

‘‘Agency’’

means the National Youth Development Agency established by section 2;

‘‘Board’’

means the Board of the Agency referred to in section 8;

‘‘organ of state’’

has the meaning assigned in 239 of the Constitution of the Republic of South Africa,1996;

‘‘Integrated Youth Development Strategy’’

means the Integrated Youth Development Strategy for South Africa referred to in section 3(a);

‘‘financial year’’

means the period from 1 April in any year to 31 March in the next year;

‘‘members’’

means members of the Board appointed in terms of section 9;

‘‘prescribed’’

means prescribed by regulation in terms of section 19;

‘‘Public Finance Management Act’’

means the Public Finance Management Act, 1999 (Act No. 1 of 1999);

‘‘regulation’’

means any regulation made in terms of section 19;

‘‘this Act’’

includes any regulation promulgated in terms of this Act;

‘‘Umsobomvu Fund’’

means the Umsobomvu Fund as referred to in the Demutualisation Levy Act, 1998 (Act No. 50 of 1998);

‘‘Umsobomvu Youth Fund’’

means the section 21 company established in 2001 and funded from proceeds of the Demutualisation Levy Act, 1998;

‘‘youth’’

means persons between the ages of 14 and 35.