Older Persons Act, 2006
R 385
Public Funding of Represented Political Parties Act, 1997 (Act No. 103 of 1997)4. Management and control of Fund |
| (1) | Subject to the directions of the Commission, the chief electoral officer acting in the capacity of head of the administration of the Commission is responsible for the management and administration of the Fund, and is the accounting officer and chief executive officer of the Fund. |
| (2) | For each financial year the Commission must have records kept, in accordance with generally accepted accounting practice and procedures, of all moneys received by or accruing to the Fund, all allocations and payments made therefrom, and all expenditure arising from the allocation of moneys from the Fund, as well as a current record of the capital and liabilities of the Fund, during that year. |
| (3) |
| (a) | Except as provided in paragraph (b), the financial year of the Fund will run from 1 April in every year to 31 March in the following year, both days included. |
| (b) | The first financial year will run from the (a) on which this Act comes into operation until 31 March first following, both days included. |
