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South African Postbank Limited Act, 2010 (Act No. 9 of 2010)

Chapter VI : General and Miscellaneous

26. Regulations and policy

 

(1) The Minister may, after consultation with the Minister of Finance, make regulations regarding-
(a) any matter relating to the functioning of the Board that it is necessary to ensure the efficiency and effectiveness in the performance of its functions; and
(b) any ancillary or incidental administrative or procedural matter that it is necessary to prescribe for the proper implementation or administration of this Act.

 

(2) The Minister must make policies on matters referred to in section 9(1)(g), (h) and (i) within six months after the commencement of this Act, and may make any additional policies on matters of national policy applicable to the Company, consistent with the objects of this Act, and may at any time thereafter amend any such policies made.

 

(3) When making or amending a policy under subsection (2) the Minister must—
(a) obtain the concurrence of the Minister of Finance;
(b) obtain Cabinet approval;
(c) table the policy in the National Assembly at least 30 days before publishing the final version of the policy in terms of paragraph (d); and
(d) publish the final version of the policy in the Gazette.