Co-operatives Act, 2005 (Act No. 14 of 2005)

Chapter 12A : Co-operatives Development Agency

Part 1 : Establishment, legal status, functions and powers of Agency

91E. General powers of Agency

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The Agency is subject to the Public Finance Management Act, and—

(a)the system of financial management and administration of the Agency must comply with Schedule 3A to the Public Finance Management Act;
(b)the head of the Agency is the Accounting authority of the Agency;
(c)must collect fees and invest funds;
(d)must finance its publications; and
(e)the head of the Agency may—
(i)delegate any power or function assigned to the head of the Agency to any employee of the Agency with the appropriate skill and qualification to properly exercise that power or perform that function; or
(ii)authorise any employee of the Agency to perform any function, exercise any power or fulfil any duty assigned to the Agency.

 

[Section 91E inserted by section 66 of Notice No. 558, GG 36729, dated 5 August 2013]