Occupational Diseases in Mines and Works Act, 1973 (Act No. 78 of 1973)Chapter V : Commissioner, Advisory Committee and Compensation Fund76. Records and accounts of compensation fund |
| (1) | The commissioner shall keep full and true records of the transactions of the compensation fund, and shall cause the books and accounts relating to such transactions to be balanced as at the thirty-first day of March in each year and thereafter prepare a statement showing in all necessary detail the income and expenditure of the compensation fund during the preceding financial year, and a balance sheet showing the assets and liabilities of the compensation fund as at the end of that financial year. |
| (2) | The accounts and balance sheet of the commissioner shall be audited by the Auditor-General. |
[Section 76(2) amended by section 43 of the Occupational Diseases in Mines and Works Amendment Act, No. 208 of 1993]
| (3) | As soon as may be after the accounts and balance sheet for any financial year have been audited, the commissioner shall submit copies to the Minister and to the advisory committee. |