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

Chapter 9 : General Treasury Matters

Purchase

An audit committee—

(a)	must consist of at least three persons of whom, in the case of a department—

(i)	one must be from outside the public service;

(ii)	the majority may not be persons in the employ of the department, except with the approval of the relevant treasury; and

(iii)

the chairperson may not be in the employ of the department;

(b)	must meet at least twice a year; and

(c)	may be established for two or more departments or institutions if the relevant treasury considers it to be more economical.