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Precious Metals Act, 2005 (Act No. 37 of 2005)

3. Functions of Regulator

 

 

(1) The Regulator shall—
(a) implement, administer and control all matters relating to acquisition, possession, smelting, refining, fabrication, use and disposal of precious metals;
(b) advise the Minister on any matter to which this Act relates referred to it by the Minister; and
(c) in general perform such acts as may be necessary or expedient for the achievement of its objects.

 

(2) The Regulator may—
(a) enter into an agreement with any person, including the State, for the performance of any particular act or particular work or the rendering of any particular services;
(b) from time to time make recommendations to the Minister on any matter to which this Act relates; and
(c) appoint any person in its service as an Inspector to perform the prescribed functions of Inspectors.

 


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