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Legislative Texts
SOUTH AFRICA
(b)
The board shall utilize its funds for the defrayal of the expenses incurred by the board in
the performance of its functions.
(c)
The board shall open an account with an institution registered as a bank in terms of the
Banking Act, 1965 (Act No. 23 of 1965), and shall deposit in that account all money received in terms
of paragraph (a).
(d)
The board may invest any of its money not required for immediate use.
(12)
(a)
The financial year of the board shall terminate on such date in each year as the board may
determine.
(b)
The board shall–
(i) cause adequate records to be kept of money received or expended by it, and of its assets,
liabilities and financial transactions; and
(ii) as soon as possible, but not later than three months after the end of each financial year,
cause annual financial statements to be prepared showing, with the appropriate particulars,
money received and expenditure incurred by it during, and its assets and liabilities at the
end of, the said financial year.
(c)
The records and annual financial statements referred to in paragraph (b) shall be audited
by a person registered as an accountant and auditor in terms of the Public Accountants’ and Auditors’
Act, 1951 (Act No. 51 of 1951).
(13)
(a)
The board shall within six months of the end of each financial year submit to the Minister
a copy of the audited annual financial statements referred to in subsection (12) (c), together with a
report on the activities of the board during that financial year.
(b)
Copies of the annual financial statements and of the report referred to in paragraph (a)
shall–
(i) be open to public inspection at the office of the board during office hours; and
(ii) be obtainable from the board against payment of the amount determined therefor by the
board.
3. Administering officer.–
(1) The Minister shall designate an officer in the department as administering officer, who shall,
subject to the control and instructions of the Minister, exercise the powers and carry out the duties conferred
or imposed upon the administering officer by or under this Act.
(2)
(a)
The administering officer may in writing delegate or transfer to any officer under his
control any such power or duty, or in writing authorize any such officer to exercise such power or carry
out such duty.
(b)
Any decision made or order given by such officer may be withdrawn or amended by the
administering officer and shall, until it has been so withdrawn or amended, except for the purposes of
this paragraph, be deemed to have been made or given by the administering officer.
4. Restriction on sale of certain alcoholic products.–
(1) No person shall sell or produce for sale any product with an alcohol content of more than one
per cent for drinking purposes, unless that product is a liquor product.
(2) The provisions of subsection (1) shall not apply to–
(a) beer and sorghum beer as defined in section 1 of the Liquor Act, 1989 (Act No. 27 of 1989); and
(b) medicine as defined in section 1 (1) of the Medicines and Related Substances Control Act, 1965
(Act No. 101 of 1965).
ZA011EN
Marks (Liquors), Act (Consolidation), 17/05/1989 (1993), No. 60 (No. 11)
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