Acts Online
GT Shield

Justice Administered Fund Act, 2017 (Act No. 2 of 2017)

6. Utilisation of money in Fund

 

(1) The money in the Fund referred to in section 3(a) to (d)
(a) may only be used for the purposes for which it has been paid into the Fund; and
(b) must be paid directly from the Fund to the party entitled to the payment in question.

 

(2)

(a) The bank costs relating to bank accounts opened and maintained in respect of the Fund must be defrayed against the interest earned in respect of those accounts, and any net balance of interest earned on those accounts must be paid into the reserve account.
(b) If the bank costs referred to in paragraph (a) exceed the amount of interest earned, the net balance of the bank costs must be defrayed from the reserve account.

 

(3) The money in the reserve account may only be used—
(a) for the purposes referred to in subsection (2)(b); and
(b) to cover any deficit in the Fund.

 

(4) The accounting officer must ensure that any amount in excess of the amount in the reserve account contemplated in section 5(3) is paid over to the National Revenue Fund.