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Public Finance Management Act, 1999 (Act No. 1 of 1999)

Chapter 6 : Public Entities

Part 1: Application of this Chapter

47. Unlisted public entities

 

(1) The Minister, by notice in the national Government Gazette—
(a) must amend Schedule 3 to include in the list all public entities that are not listed; and

(b)may make technical changes to the list.

 

(2) The accounting authority for a public entity that is not listed in either Schedule 2 or 3 must, without delay, notify the National Treasury, in writing, that the public entity is not listed.

 

(3) Subsection (2) does not apply to an unlisted public entity that is a subsidiary of a public entity, whether the latter entity is listed or not.

 

(4) The Minister may not list the following institutions in Schedule 3:
(a) A constitutional institution, the South African Reserve Bank and the Auditor-General;
(b) any public institution which functions outside the sphere of national or provincial government; and
(c) any institution of higher education.