Financial Management of Parliament Act, 2009 (Act No. 10 of 2009)Chapter 5 : Financial Management35. Transfers |
| (1) | Before transferring any funds from Parliament to any other entity, the Accounting Officer must— |
| (a) | obtain a written assurance from the entity that it implements effective, efficient and transparent financial management and internal control systems; or |
| (b) | render the transfer subject to conditions and remedial measures requiring the entity to establish and implement effective, efficient and transparent financial management and internal control systems. |
| (2) |
| (a) | Subsection (1) does not apply to transfers to entities in other countries or to international institutions. |
| (b) | Any transfer contemplated by sub-paragraph (a) is governed by the instrument regulating the relationship between South Africa and that entity or institution. |