| (1) |
Despite section 49(2) to ( 5 ) of the Public Finance Management Act, 1999 (Act No. 1 of 1999), the Director-General is the accounting authority for the Fund. |
(2)
| (a) |
At the beginning of each financial year, the Director-General must file a business plan, approved by the Minister, with the National Treasury. |
| (b) |
The Commissioner must compile the business plan with the assistance of the actuary and the Board. |
[Section 11(2) substituted by section 3 of Notice No. 35, GG 40557, dated 19 January 2017 (Unemployment Insurance Amendment Act, 2016)]
| (3) |
In addition to the matters which must be included in the annual report and financial statements referred to in section 55 of the Public Finance Management Act, 1999 (Act No. 1 of 1999), the annual report must set out and contain a statement showing – |
| (b) |
the total number of employers who paid contributions in terms of the Unemployment Insurance Contributions Act; |
| (c) |
the total number of contributors who paid contributions in terms of the Unemployment Insurance Contributions Act; |
| (d) |
the total number of persons deemed to be contributors under section 45; |
| (e) |
the total monetary value of benefits provided in respect of each category of benefit; |
| (f) |
a statement setting out the loans, overdrafts, advances and financial commitments of the Fund; |
| (g) |
the particulars of all donations and bequests received by the Fund; |
| (h) |
the actuarial valuation report contemplated in section 9; |
| (i) |
particulars of the use of all immovable and movable property acquired by the Fund for purposes contemplated in section 58(6) and (7); |
| (j) |
any amount written off in terms of section 58(8); and |
| (k) |
any other matter determined by the Minister. |
Older Persons Act, 2006
