Stamp Duties Act, 1968 (Act 77 of 1968)
R 385
Housing Development Agency Act, 2008 (Act No. 23 of 2008)16. Delegation and assignment of functions by Board |
| 1) | The Board may, by a resolution passed by 75 per cent of its members- |
| a) | delegate any of its powers and assign any of its duties to any member of the Board or any committee established in terms of section 15, the chief executive officer, the chief financial officer or any employee of the Agency; and |
| b) | amend or revoke such delegation or assignment. |
| 2) | Notwithstanding a delegation or assignment contemplated in subsection (1), the Board is not divested of any power or duly so delegated or assigned. |
| 3) |
| a) | Any delegation or assignment contemplated in subsection (1)- |
| i) | may be made subject to such conditions as the Board may determine; and |
| ii) | must be communicated to the delegatee or assignee in writing. |
| b) | The written communication contemplated in paragraph (a)(ii) must contain full particulars of the matters being delegated or assigned and of the conditions subject to which the power may be exercised or the duty must be performed. |
| 4) | The Board may not delegate- |
| a) | the power to appoint the chief executive officer; and |
| b) | its role in deciding on- |
| i) | the appointment of the chief financial officer; |
| ii) | the mandate; and |
| iii) | the strategic plan of the Agency. |
