Public Service Commission Act, 1997
R 385
National Regulator for Compulsory Specifications Act, 2008 (Act No. 5 of 2008)Powers and Objects of National Regulator4. Powers of National Regulator |
| (1) | The National Regulator may do all that is necessary or expedient to perform its functions, including— |
| (a) | acquiring or disposing of property or any right in respect thereof, but ownership in immovable property may be acquired or disposed of only with the consent of the Minister in concurrence with the Minister of Finance; |
| (b) | opening and operating banking accounts in the name of the National Regulator; |
| (c) | investing any of the money of the National Regulator; |
| (d) | insuring the National Regulator— |
| (i) | against any loss, damage or risk; or |
| (ii) | against any liability it may incur in the application of this Act; |
| (e) | performing legal acts, including acts in association with or on behalf of any other person or organ of state; |
| (f) | subject to subsection (2), concluding agreements with organs of state and other persons; or |
| (g) | instituting or defending any legal action. |
| (2) | An agreement concluded in terms of subsection (1)(j) may not conflict with any international requirement that is binding on the National Regulator. |
