Public Service Commission Act, 1997
R 385
Estate Agency Affairs Act, 1976 (Act No. 112 of 1976)Chapter II : Estate Agents Fidelity Fund12A. Determination of liabilities of fund and investment of moneys in fund |
| 1) | The Board shall after the end of each financial year of the fund determine to what extent, if at all, the total income of the fund during that financial year exceeded the expenditure incurred by or accrued to the fund during that financial year and shall, if the fund's income exceeded its liabilities, determine how much of the excess may be utilised during the next financial year for the purposes of the grants and other payments contemplated in section 12B. |
| 2) | Any moneys in the fund not immediately required for the purposes of the fund, shall be invested in the prescribed manner. |
