Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)

Chapter 13 : Administrative Penalties

171. Application of amounts paid as administrative penalties
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All amounts recovered by a responsible authority as administrative penalties must be applied—

(a)first, to reimburse the responsible authority for its costs and expenses reasonably and properly incurred in connection with the relevant contravention, making the order and enforcing it; and
(b)then, the balance after applying the amount in accordance with paragraph (a) must be paid into the National Revenue Fund.