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

Schedules

Schedule 3 : Commission for Conciliation, Mediation and Arbitration

7. Investment of surplus money

 

 

1) The governing body may resolve to invest any money that the commission does not immediately require to meet current expenditure or contingencies-
a) on call or short-term deposit with any bank that meets the requirements stated in item 6;
b) if the Minister, with the concurrence of the Minister of Finance, gives written approval of the duration and other terms of the investment, in an investment account with the Corporation for Public Deposits.