Older Persons Act, 2006 (Act No. 13 of 2006)RegulationsRegulations Regarding Older Persons, 2010Chapter 1 : Creating An Enabling And Supportive Environment For Older Persons5. Conditions for management of assets |
| (1) | Any asset bought by a service provider with Government funds must be managed and used only for the benefit of older persons. |
| (2) | A service provider who bought assets with Government funds— |
| (a) | must within 30 days of buying, selling or disposing of such assets, forward to the Minister the description details and a certified copy of proof of the transaction relating to the buying, selling or disposal of the said assets for purposes of entry into the register opened and maintained by the Minister; and |
| (b) | bears full responsibility for the said assets and must ensure that mechanisms are in place to prevent theft, losses, wastage and misuse of the said assets. |
| (3) | If a residential facility closes or a service is discontinued, the assets contemplated in subregulation (1) must be handed over to another residential facility or service with similar objectives, as directed by the Minister. |