Acts Online
GT Shield

Marketing of Agricultural Products Act, 1996 (Act No. 47 of 1996)

Notices

Establishment of Statutory Measure and Determination of Guideline Prices: Levies relating to Lupins

9. Conditions of approval

 

This statutory measure is subject to the following conditions:

 

(a) That 70% of levy income be spent on breeding and technology, at least 20% on transformation, in line with the NAMC's new guidelines, and less than 10% on administration;

 

(b) That levies be accounted for, in a manner and to the extent acceptable to the Auditor General, separately from any other funds or assets under the control of SACTA; and

 

(c) That after the lapsing of the levy, any surplus funds only be utilised after the approval of the Minister was obtained.