Acts Online
GT Shield

Consumer Protection Act, 2008 (Act No. 68 of 2008)

Chapter 5 : National Consumer Protection Institutions

Part B : Establishment of National Consumer Commission

90. Finances



1) The Commission is financed from—
a) money appropriated by Parliament;
b) any fees payable to the Commission in terms of this Act;
c) income derived from its investment and deposit of surplus money in terms of subsection (2); and
d) money accruing from any other source.


2) The Commission may invest or deposit money of the Commission that is not immediately required for contingencies or to meet current expenditures—
a) on a call or short-term fixed deposit with any registered bank or financial institution in the Republic; or
b) in an investment account with the Corporation for Public Deposits established in terms of section 2 of the Corporation for Public Deposits Act, 1984 (Act No. 46 of 1984).


3) The financial year of each of the Commission is the period of 12 months beginning 1 April each year, and ending on the following 31 March, except that the first financial year—
a) begins on the early effective date, as defined in item 1 of Schedule 2; and
b) ends on the next following 31 March.