National Student Financial Aid Scheme Act, 1999 (Act No. 56 of 1999)Chapter 2 : Establishment, Composition, Governance and Functions of NSFAS11. Finance committee |
| 1) | The board must appoint a finance committee consisting of– |
| a) | the chairperson of the board; |
| b) | the member appointed from the Department as contemplated in section 5(1)(a)(i); |
| c) | the member nominated by the Minister of Finance as contemplated in section 5(1)(a)(ii); and |
| d) | not more than five financial experts who may be from the private sector or members of the board. |
| 2) | The finance committee must advise the board on the financial management of the NSFAS, which includes, but is not limited to, loan recovery, fund raising and investment of repayments. |
| 3) | The finance committee performs such other functions as the board may delegate or assign to it. |