General and Further Education and Training Quality Assurance Act, 2001 (Act No. 58 of 2001)Chapter 2 : Establishment and Functions of Council14. Alienation and encumbrance of property |
| 1) | The Council may not without the prior approval of the Minister, granted with the concurrence of the Minister of Finance – |
| a) | let, sell, exchange or otherwise alienate its immovable property; or |
| b) | as long as a guarantee in terms of section 70 of the Public Finance Management Act, 1999 (Act No. 1 of 1999), is in force in respect of any loan granted to the Council– |
| i) | mortgage or otherwise encumber its immovable property acquired with money obtained by means of that loan; and |
| ii) | let, sell, exchange or otherwise alienate, or hypothecate or otherwise encumber its movable property acquired with money obtained by means of that loan. |