Nursing Act, 2005 (Act No. 33 of 2005)

Chapter 1 : South African Nursing Council

Purchase

(1)	The Council may only transfer ownership as a result of a sale or other transaction or otherwise permanently dispose of a capital asset after the Council has by resolution decided—

(a)	on reasonable grounds that the asset is not needed for the performance of the Council‘s functions; and

(b)	that the fair market value of the asset will be received for the asset.

(2)	Any transfer or disposal of an asset referred to in subsection (1) must be fair, equitable, transparent, competitive and consistent with the policy framework of the Council contemplated in section 27.