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

Chapter 3 : Council for Medical Schemes

Part 1 : Council

14. Annual Report


(1) The Council shall submit to the Minister before the end of June of each year a report on the Council's activities during the previous financial year.


(2) The report referred to in subsection (1) shall be accompanied by audited financial statements and notes thereon in respect of the financial year concerned.


(3) The financial statements referred to in subsection (2) shall—
(a) be in conformity with general accepted accounting practice;
(b) fairly present the state of affairs and functions of the Council and the results thereof and of the Registrar; and
(c) refer to any material matters not specifically required in terms of this Act which have affected or are likely to affect the affairs of the Council and the Registrar.


(4) The Council shall publish or make available the annual report and audited financial statements after submission thereof to the Minister.