| (1) |
Expenditure in connection with the administration and functioning of the Office must be defrayed from— |
| (a) |
money appropriated by Parliament for this purpose; |
| (b) |
any fees payable in terms of this Chapter; and |
| (c) |
funds accruing to the Office from any other source. |
| (2) |
The Office must deposit all funds in an account opened with a bank registered under the Banks Act, 1990 (Act No. 94 of 1990). |
| (3) |
The Office may invest funds which are not required for immediate use— |
| (a) |
in a call account or short-term fixed deposit with any registered bank contemplated in subsection (2); or |
| (b) |
in an investment account with the Public Investment Corporation established by section 2 of the Public Investment Corporation Act, 2004 (Act No. 23 of 2004). |
| (4) |
Funds standing to the credit of the Office in the account mentioned in subsection (2) at the end of the financial year, as well as funds invested under subsection (3), must, subject to section 53(3) of the Public Finance Management Act, be carried forward to the next financial year. |
Section 17P inserted by section 5 of the National Small Enterprise Amendment Act, 2024 (Act No. 21 of 2024), GG50965, Notice No. 5049, dated 23 July 2024]
Protection of Businesses Act, 1978
