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South African Maritime Safety Authority Act, 1998 (Act No. 5 of 1998)

Chapter 3 : Operation of Authority

29. Financial targets and performance indicators

 

When preparing the financial plan, the Authority must consider—

(a) the need for high standards of maritime safety;
(b) the need for a high standard of protection for the marine environment;
(c) objectives in legislation and government policies;
(d) any direction given by the Minister under section 7;
(e) any payments by the State to the Authority to fund functions referred to in paragraph (g);
(f) the need to maintain a reasonable level of reserves, having regard to estimated future infrastructural requirements;
(g) the need to earn a reasonable rate of return on the Authority’s assets, including assets wholly or principally used in the performance of functions that are directly funded by the State; and
(h) any other commercial consideration the Authority considers appropriate.