Marketing of Agricultural Products Act, 1996 (Act No. 47 of 1996)NoticesEstablishment of Statutory Measure and Determination of Levies on Macadamia Nuts9. Administration of levies |
The statutory measure envisaged herein shall be administered by SAMAC, and the statutory levies will be used as follows:
| (1) | Approximately 70% of the levy income derived from this statutory measure will be spent on activities set out in 2(a) to 2(k) above; |
| (2) | Not more than 10% of the levy income derived from this statutory measure will be spent on administration of levies; and |
| (3) | At least 20% of the levy income derived from this statutory measure will be spent on transformation activities in the macadamia industry. |
The levies shall be accounted for in a manner and to the extent acceptable to the Auditor-General, separately from other funds or assets under the control of SAMAC. Annual audited financial statements will be submitted to the National Agricultural Marketing Council and the Auditor-General, with the percentage allocated towards transformation clearly indicated and accompanied by a report stating how the objectives of the levy have been met. Any deficit at the date of termination of this statutory measure shall be for the account of SAMAC. The Minister of Agriculture, Land Reform and Rural Development shall decide on the application of any surplus levies at the date of termination of the statutory measure.