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

13. Disposal Management

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The Accounting Officer may alienate, let or otherwise dispose assets of Parliament in accordance with the Delegation of Authority: Provided that—

(a)any transfer of assets to another organ of state must be at market-related value or, where appropriate, free of charge;
(b)any selling of assets at market-related value must be by way of written quotations, a competitive bidding process or auction, whichever is the most efficient and effective, taking account of the costs of disposal;
(c)the highest possible value is negotiated for any trade-in of an asset for another asset; and
(d)any disposal of assets must take into account the public interest and be development-orientated.