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Financial Management of Parliament Act, 2009 (Act No. 10 of 2009)

Chapter 2 : Oversight, Executive Authority and Administration of Act

Part 3 : Administration of Act

12. Fiduciary responsibilities

 

(1) The Accounting Officer and other officials with responsibility under this Act must—
(a) act with fidelity, honesty, integrity and in the best interests of Parliament in managing its financial affairs;
(b) disclose all material facts which are available to that person or reasonably discoverable, and which in any way might influence any decision or action in terms of this Act; and
(c) seek to prevent any prejudice to the financial interests and good reputation of Parliament.

 

(2) For the purposes of subsection 1(b), any disclosure must be made—
(a) in the case of the Accounting Officer to the Executive Authority; and
(b) in the case of any other person, to the Accounting Officer.

 

(3) No person having any responsibility under this Act—
(a) may act in a way that is inconsistent with the Act; or
(b) may use their position or any confidential information obtained in the exercise of their responsibilities for personal gain or to benefit improperly themselves or any other person.