"financial year"
in relation to a fund, means—
| a) |
each period of twelve months, at the end of which the balance of its accounts is required to be struck in terms of its rules; or |
| b) |
such other period as may on any particular occasion be determined by the registrar at the written request of the fund, on such conditions as the registrar may impose; or |
| c) |
in the case of a fund which is registered at the commencement of the Financial Institutions Amendment Act, 1977, and which notifies the registrar in writing before 1 January 1979 that it intends changing the date on which its financial year ends from 31 December to another date, the period extending its last financial year, which ends on 31 December, to such other date, provided such period does not exceed eighteen months. |
Supreme Court Act, 1959
