Electronic Communications Act, 2005 (Act No. 36 of 2005)Chapter 14 : Universal Service and Access Agency of South Africa91. Accounts of Universal Service and Access Fund |
| (1) | The Agency must— |
| (a) | cause full records to be kept of the transactions of the Universal Service and Access Fund; |
| (b) | as soon as possible, but not later than three months after 31 March in each year, cause the books and accounts relating to such transactions to be balanced as at that date and thereafter prepare a statement showing in all necessary detail— |
| (i) | the income and expenditure of the Fund during the preceding financial year; and |
| (ii) | a balance sheet showing the assets and liabilities of the Fund as at the end of that year. |
| (2) | The accounts and balance sheet of the Fund must be audited by the Auditor-General. |
| (3) | As soon as possible after the accounts and balance sheet for any year have been audited, the Agency must submit a copy of the accounts and balance sheet to the Minister. |
| (4) | The Minister must table a copy of the audited accounts and balance sheet in Parliament— |
| (a) | within 30 days after they have been received by him or her if Parliament is then in ordinary session or, if Parliament is not then in ordinary session, within 30 days after the commencement of its next ordinary session; or |
| (b) | regard to the period concerned. |
| (5) | For the purposes of this section, ‘‘financial year’’ means the period extending from 1 April in any year to 31 March in the next succeeding year. |