Public Finance Management Act, 1999 (Act No. 1 of 1999)Chapter 6 : Public EntitiesPart 2 : Accounting authorities for public entities49. Accounting authorities |
| (1) | Every public entity must have an authority which must be accountable for the purposes of this Act. |
| (2) | If the public entity— |
| (a) | has a board or other controlling body, that board or controlling body is the accounting authority for that entity; or |
| (b) | does not have a controlling body, the chief executive officer or the other person in charge of the public entity is the accounting authority for that public entity unless specific legislation applicable to that public entity designates another person as the accounting authority. |
| (3) | The relevant treasury, in exceptional circumstances, may approve or instruct that another functionary of a public entity must be the accounting authority for that public entity. |
| (4) | The relevant treasury may at any time withdraw an approval or instruction in terms of subsection (3). |
| (5) | A public entity must inform the Auditor-General promptly and in writing of any approval or instruction in terms of subsection (3) and any withdrawal of an approval or instruction in terms of subsection (4). |