| (a) | money appropriated by Parliament; |
| (b) | fees paid to the Regulator in terms of section 28; and |
| (c) | donations or contributions received by the Regulator, with the approval of the Minister, from any source. |
| (2) | The Regulator must, within the constraints of its statement referred to in subsection (7), utilise its funds for the defrayal of the expenses incurred by it in the performance of its functions in terms of this Act. |
| (3) | The chief executive officer must— |
| (a) | open an account in the name of the Regulator with an institution registered as a bank in terms of the Banks Act, 1990 (Act No. 94 of 1990); and |
| (b) | deposit therein all money received in terms of subsection (1). |
| (4) | The chief executive officer may, on behalf of the Regulator, invest any money received in terms of subsection (1) which is not required for immediate use— |
| (a) | with the approval of the Minister, with the Public Investment Commissioners referred to in section 2 of the Public Investment Commissioners Act, 1984 (Act No. 45 of 1984); or |
| (b) | with such other institution as the board and the Minister, with the agreement of the Minister of Finance, determine. |
| (5) | The Regulator may use interest derived from the investment contemplated in subsection (4) to defray expenses in connection with the performance of its functions in terms of this Act. |
| (6) | The Regulator may, with the approval of the Minister, granted with the agreement of the Minister of Finance— |
| (a) | authorise the establishment of such reserve funds as it considers necessary or expedient; and |
| (b) | deposit such amounts therein, |
as it considers necessary or expedient.
| (7) | The Regulator must in each financial year, at such time as determined by the Minister, submit a statement of its estimated income and expenditure for the following financial year to the Minister for his or her approval, granted with the agreement of the Minister of Finance. |
| (8) | The Auditor-General must externally audit the Regulator. |
