Marketing of Agricultural Products Act, 1996 (Act No. 47 of 1996)

Notices

Purchase

This statutory measure is subject to the following conditions:

(a)	That 70% of levy income be spent on research, information and other core functions, 20% on transformation (development of emerging farmers) and not more than 10% on administration;

(b)	That levies be accounted for, in a manner and to the extent acceptable to the Auditor-General, separately from any other funds or assets under the control of Cotton SA, and audited by the Auditor-General; and

(c)	That after the lapsing of the levy, any surplus funds be utilised subject to the approval of the Minister.