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Labour Relations Act, 1995 (Act No. 66 of 1995)

Chapter VII : Dispute Resolution

Part A : Commission for Conciliation, Mediation and Arbitration

122. Finances of Commission

 

 

(1) The Commission will be financed and provided with working capital from—
(a) the moneys that the Minister, with the agreement of the Minister of Finance, must allocate to the Commission from public funds at the commencement of this Act;
(b) the moneys that Parliament may appropriate to the Commission from time to time;
(c) fees payable to the Commission in terms of this Act;
(d) grants, donations and bequests made to it; and
(e) income earned on the surplus moneys deposited or invested.

 

(2) The financial year of the Commission begins on 1 April in each year and ends on 31 March of the following year, except the first financial year which begins on the day this Act commences and ends on the first following 31 March.

 

(3) In each financial year, at a time determined by the Minister, the Commission must submit to the Minister a statement of the Commission's estimated income and expenditure, and requested appropriation from Parliament, for the following financial year.