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Section 30: Funding

Financial Reporting Act · PART II: ESTABLISHMENT OF FINANCIAL REPORTING COUNCIL

consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

30. Funding (1) The Council shall establish a General Fund into which all monies received by the Council shall be paid, and out of which all payments and charges on the Council shall be effected. (2) The Council shall derive its funds from— (a) funds allocated to it by Government; (b) fees or other charges levied under this Act; and (c) such other source as the Minister may approve. (3) The Council shall, not later than 3 months before the commencement of each financial year, submit to the Minister an estimate of its income and expenditure for that financial year.

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