Financial Management of Parliament Act, 2009 (Act No. 10 of 2009)

Chapter 2 : Oversight, Executive Authority and Administration of Act

Part 3 : Administration of Act

7. General financial management functions

Purchase cart Previous page Return to chapter overview Next page

 

The Accounting Officer must ensure that—

(a)Parliament’s resources are used effectively, efficiently, economically and transparently;
(b)full and proper records of the financial affairs of Parliament are kept;
(c)Parliament maintains effective, efficient and transparent systems of financial management, risk management, internal control and internal audit;
(d)Parliament complies with any obligations in relation to taxes, levies, duties, pensions, medical aid and auditing that may be imposed by legislation;
(e)unauthorised, irregular and fruitless and wasteful expenditure and other losses are prevented, and appropriate steps are taken where such expenditure has occurred;
(f)disciplinary action is instituted against any employee of Parliament who has allegedly committed an act of financial misconduct; and
(g)when appropriate, criminal proceedings are initiated against any person who has allegedly committed an offence in terms of section 69.