Medical Schemes Act, 1998 (Act No. 131 of 1998)Chapter 3 : Council for Medical SchemesPart 1 : Council14. Annual Report |
| (1) | The Council shall submit to the Minister before the end of June of each year a report on the Council's activities during the previous financial year. |
| (2) | The report referred to in subsection (1) shall be accompanied by audited financial statements and notes thereon in respect of the financial year concerned. |
| (3) | The financial statements referred to in subsection (2) shall— |
| (a) | be in conformity with general accepted accounting practice; |
| (b) | fairly present the state of affairs and functions of the Council and the results thereof and of the Registrar; and |
| (c) | refer to any material matters not specifically required in terms of this Act which have affected or are likely to affect the affairs of the Council and the Registrar. |
| (4) | The Council shall publish or make available the annual report and audited financial statements after submission thereof to the Minister. |