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Skills Development Act, 1998 (Act No. 97 of 1998)

Constitutions

Constitution of the Agriculture Sector Education and Training Authority (AgriSETA)

Chapter Three : Membership of Governing Board

14. Financial and general responsibilities of Governing Board

 

14.1 The Governing Board must ensure that AgriSETA has and maintains:
14.1.1 effective, efficient and transparent systems of financial and risk management and internal control;
14.1.2 a system of internal audit under the control and direction of an audit committee complying with the operating in accordance with regulations and instructions prescribed in terms of sections 76 and 77 of the Public Finance Management Act;
14.1.3 an appropriate procurement and provisioning system which is fair, equitable, transparent, competitive and cost effective; and
14.1.4 a system for properly evaluating all major capital projects prior to a final decision on the project.

 

14.2 The Governing Board must take effective and appropriate steps to:
14.2.1 collect all revenue due to AgriSETA; and
14.2.2 prevent irregular expenditure, fruitless and wasteful expenditure, losses resulting from criminal conduct, and expenditure not complying with the operational policies of AgriSETA; and
14.2.3 manage available working capital efficiently and economically.

 

14.3 The Governing Board is responsible for the management, including the safeguarding, of the assets and for the management of the revenue, expenditure and liabilities of AgriSETA.

 

14.4 The Governing Board must comply with any tax, levy, duty, pension and audit commitments as required by legislation.

 

14.5 The Governing Board must take effective and appropriate disciplinary steps against any employee of AgriSETA who:
14.5.1 contravenes or fails to comply with a provision of this Act;
14.5.2 commits an act which undermines the financial management and internal control system of AgriSETA or
14.5.3 makes or permits an irregular expenditure or a fruitless and wasteful expenditure.

 

14.6 The Governing Board is responsible for the submission by AgriSETA of all reports, returns, notices and other information to Parliament or the Minister, as may be required by the Public Finance Management Act.

 

14.7 The Governing Board must comply, and ensure compliance by AgriSETA, with the provisions of the Public Finance Management Act and any other legislation applicable to AgriSETA.