| (1) |
The agency is financed from— |
| (a) |
fees paid to the agency in terms of this Act; |
| (b) |
deductions from penalties collected by the agency as contemplated in section 32; |
| (c) |
money appropriated by Parliament for that purpose; |
| (d) |
donations received, which must be declared in the annual report contemplated in section 7(2); and |
[Section 1(1) substituted by section 7 of Act No. 72 of 2002]
| (e) |
money received from any other source. |
| (2) |
The agency must utilise any money contemplated in subsection (1) in accordance with the statement of estimated expenditure referred to in subsection (3). |
| (a) |
must, subject to the business plan approved by the board, in each financial year, at a time determined by the board, submit a statement of estimated income and expenditure for the following financial year to the board for approval by the Minister acting in consultation with the Minister of Finance; and |
| (b) |
may in any financial year submit adjusted statements of estimated income and expenditure to the board for approval by the Minister acting in consultation with the Minister of Finance. |
| (4) |
The financial year of the agency is determined by the Minister. |
| (5) |
At the end of each financial year, the registrar must invest such amounts of any surplus funds of the agency, as may be determined by the Minister in consultation with the Minister of Finance, in a separate account, from which payments may be made to any authority or body for the purpose of road safety or road traffic law enforcement. |
| (6) |
Subject to subsection (5), any surplus funds of the agency not invested for the purpose contemplated in that subsection, must be invested in the National Revenue Account. |
Stamp Duties Act, 1968 (Act 77 of 1968)
