Cap. 318 · Social Security Act (Cap. 318)
Cap. 318 Art. 114Social Security Account.
PART IX
(1) All benefits, allowances, pensions and assistance payable under this Act shall be a charge on the Consolidated Fund without any further appropriation other than this Act.
(2) Subject to the provisions of the Public Finance
Management Act, and in accordance with the provisions of article
132, the Director shall keep proper records of all disbursements and receipts (including any fines or penalties imposed in terms of articles 113, 117, 119 and 125) under this Act, and any expense incurred in carrying this Act into effect, and to this end shall keep a separate Social Security Account, hereinafter referred to as "the Account", as he shall, with the approval of the Accountant General, determine.
(3) A statement showing the receipts and payments of the Account shall, as soon as possible after the close of each financial year and in any case not later than three months after the close of such year, be forwarded by the Accountant General to the Auditor General, and article 35(2) of thePublic Finance Management Act, shall apply to such statements.
Änderungsgeschichte
- Amended by XXI.1996.54