Planning Profession Act, 2002 (Act No. 36 of 2002)Chapter 2 : South African Council for Planners12. Funds of Council and keeping and auditing of accounts |
| (1) | The funds of the Council consist of any money received by it in terms of this Act and all other moneys which may accrue to the Council from any other source. |
| (2) | The Council may establish and administer an education fund for the purpose of the education, training and continued education and training of registered persons and students in the planning profession. |
| (3) | The Council must keep a full and correct account of all moneys received and expended by it. |
| (4) | The Council must annually prepare a statement of income and expenditure and a balance sheet showing a financial position at the close of the financial year, and must have the statement and balance sheet audited by an auditor registered in terms of the Public Accountants' and Auditors' Act, 1991 (Act No. 80 of 1991). |
| (5) | A copy of the auditor's statement and balance sheet must be open for public inspection at the offices of the Council. |
| (6) | The Council must within six months from the close of each financial year, submit the auditor's statement and balance sheet to the Minister. |
| (7) | The Minister may, with the concurrence of the Minister of Finance, on receipt of a budgeted request grant to the Council, out of money appropriated by Parliament, such amounts as he or she considers necessary in order to enable the Council to carry out its functions and may determine the conditions of the grant. |