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Land Reform: Provision of Land and Assistance Act, 1993 (Act No. 126 of 1993)

10A. Activities to be managed as a separate unit

 

 

(1) The Department must account for the acquisition, management, disposal and leasing of property and the provision of financial assistance in terms of this Act through a trading entity established and operating in accordance with the requirements of the Public Finance Management Act, 1999 (Act No. 1 of 1999).

 

(2) The trading entity referred to in terms of subsection (1), once established, must maintain separate and itemised financial accounts and accounting records in respect of each agricultural enterprise or separately administered portion of immovable property which it acquires, manages, disposes of, or leases.

 

[Section 10A inserted by section 5 of Act No. 58 of 2008]

 


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