Public Finance Management Act, 1999 (Act No. 1 of 1999)

Regulations

Treasury Regulations for Departments, Constitutional Institutions and Public Entities

Part 9 : Public entities

24. General definitions
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24.1General definitions

 

In this regulation, unless the context indicates otherwise, a word or expression to which a meaning has been assigned in the Act, has the same meaning, and -

 

"designated accounting officer"

means the accounting officer of a designated department;

 

"designated department"

in relation to a public entity, means a department designated by its executive authority as the department responsible for the public entity;

 

"employee"

means a person in the employ of a public entity;

 

"remuneration"

means any consideration or benefit derived directly or indirectly by the following persons for services provided in their capacity as:

(a)members of the accounting authority;
(b)the chief executive officer or the person in charge of the public entity;
(c)the chief financial officer; or
(d)persons serving on the senior management of the public entity or in the entity under the public entity’s ownership control.

 

"senior management"

refers to the level of management that is directly accountable to the chief executive officer or to the person in charge of the public entity.