Intellectual Property Rights from Publicly Financed Research and
R 385
Prevention of and Treatment for Substance Abuse Act, 2008 (Act No. 70 of 2008)RegulationsRegulations for Prevention of and Treatment for Substance Abuse, 2013Chapter 2 : Service Providers6. Conditions for management of assets bought by service providers with Government funds |
[Section 7(2)(d)]
| (1) | Assets bought by service providers with government funds must— |
| (a) | only be utilised for the purpose they were purchased until the Minister determines otherwise; |
| (b) | where possible, be comprehensively insured; |
| (c) | be recorded in an asset register which must be updated whenever there are changes; and |
| (d) | have their book value evaluated and determined biannually. |
| (2) | Service providers referred to in subregulation (1)— |
| (a) | must within 30 days of buying an asset, forward to the Minister the description, details and a certified copy of proof of the transaction relating to the purchase to be entered in the register maintained by the Minister; and |
| (b) | bears full responsibility for those assets and must ensure that mechanisms are put in place to prevent theft, losses, wastage and misuse of those assets. |
