Section 17: General Fund

17. General Fund (1) The Authority shall establish a General Fund— (a) into which all monies, other than the prescribed fixed penalty, charge or fee, received by the Authority shall be paid; (b) out of which all payments required to be made by the Authority shall be effected, and all charges on the Authority shall be paid. (1A) Any fixed penalty, charge or fee paid under this Act or under any regulations made under this Act shall be paid into the Consolidated Fund. (2) The Authority may, in the discharge of its functions 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, fees, pensions and superannuation fund contributions, gratuities, working expenses or all other charges properly arising, including any necessary capital expenditure. (3) The Authority shall derive its income from— (a) any charge or fee that may be prescribed; (b) any sum appropriated from the Consolidated Fund; and (c) such other source as may be approved by the Minister. [S. 17 amended by s. 45 (c) of Act 14 of 2009 w.e.f. 30 July 2009; s. 29 (a) of Act 38 of 2011 w.e.f. 15 December 2011.]