Section 7: Receipts and disbursements

7. Receipts and disbursements (1) There shall be credited to the Fund— (a) all moneys derived from the enforcement of a Recovery Order or a Confiscation Order or from the proceeds of sale of property which is the subject of an Order under Part III or Part IV; (b) any sums allocated to the Fund by parliamentary appropriation; (c) any voluntary payment, grant or donation made by any person for the purposes of the Fund; and (d) any income derived from the investment of any amount standing to the credit of the Fund. (2) The Director may authorise payments out of the Fund to— (a) compensate victims who suffered losses as a result of an unlawful activity; (b) satisfy a Compensation Order; (c) transfer recovered property to a foreign State or share it pursuant to any treaty or arrangement; (d) pay expenses relating to the recovery, management or disposition of property under this Act, including mortgages and liens against relevant property, and the fees of receivers, Trustees or Asset Managers or other professionals providing assistance; (e) pay third parties for interests in property as appropriate; (f) pay the costs associated with the administration of the Fund, including the costs of external audit; and (g) fund such training or other capacity-building activity as may be required by the Enforcement Authority for the purposes of this Act. [S. 7 amended by s. 7 of Act 24 of 2012 w.e.f. 10 November 2012; s. 6 of Act 29 of 2015 w.e.f. 26 January 2016.]