South African Maritime Safety Authority Act, 1998 (Act No. 5 of 1998)

Chapter 4 : Finance

Part 1 : General

31. Transfer of certain State assets to Authority
Purchase cart Previous page Return to chapter overview Next page

 

(1)Where, immediately before the commencement of this section—
(a)a function of the Authority was being performed by the Department; and
(b)an asset was held or used by the Department in connection with the performance of that function,

the Minister may cause the asset to be transferred to the Authority.

 

(2)Subsection (1) is not construed as preventing the State from transferring any asset to the Authority otherwise than under that subsection, provided the asset is transferred in order to further the objectives of the Authority referred to in section 3.