Section 33: General Fund

33. General Fund (1) The Commission shall establish a General Fund— (a) into which all monies received shall be paid; and C36A – 13 [Issue 6] Competition Act (b) out of which— (i) all payments required to be paid by the Commission shall be effected; (ii) shall be paid into the Consolidated Fund established under the Finance and Audit Act, such surplus money not required for the purposes of subparagraph (i). (2) The Commission may, in furtherance of its objects and in accordance with the terms and conditions upon which its funds may have been obtained or derived, charge to the General Fund all remunerations, allowances, salaries, grants, fees, pensions, superannuation fund attributions, gratuities, working expenses and all other charges properly arising, including any necessary capital expenditure. (3) The Commission shall derive its income from— (a) any sum appropriated from the Consolidated Fund; and (b) any such source as may be approved by the Minister.