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Medical Schemes Act, 1998 (Act No. 131 of 1998)

Chapter 3 : Council for Medical Schemes

Part 1 : Council

13. Accounting officer


(1) The Registrar shall be the accounting officer of the Council charged with accounting for all moneys received and payments authorised by and made on behalf of the Council and the Registrar.


(2) The financial year of the Council shall end on 31 December in each year.


(3) The Registrar shall—
(a) keep full and proper records of all moneys received and expenses incurred by, and of all assets, liabilities and financial transactions of, the Council and the Registrar; and
(b) as soon as is practicable, but not later than four months after the end of each financial year referred to in subsection (2), prepare annual financial statements in respect of the financial year in question.


(4) The records and annual financial statements referred to in subsection (3) shall be audited by the Auditor-General.


(5) Any moneys payable to the Council in terms of this Act, shall be a debt due to the Council and recoverable by the Registrar in any competent court.