(c)
(3)
he, his spouse or any of his children has a financial interest in a body
corporate or other body which is a licensee.
An employee of the Authority shall be under the administrative control of the
Director.
PART III – FINANCE
13.
General Fund
The Authority shall establish a General Fund-
14.
(a)
into which shall be paid all the revenue of the Authority; and
(b)
out of which shall be paid all the expenses incurred by the Authority.
Revenue and expenditure
(1)
(2)
15.
The revenue of the Authority shall consist of(a)
such fees or charges as may be levied on a licensee or on any other
person;
(b)
such amounts as may be received from the Consolidated Fund;
(c)
any other sum that may lawfully accrue to the Authority.
The Authority may incur expenditure in relation to salary, wages, fees, allowances,
administrative expenses and any other item for the purposes of implementing its
objects under this Act.
Raising of loans
The Authority may raise loans to finance any expenditure which it may incur under this Act.
16.
Auditor
(1)
The auditor to be appointed under section 5(1) of the Statutory Bodies
(Accounts and Audit) Act shall be a qualified auditor.
(2) Without prejudice to the duties and powers of the auditor under the Statutory Bodies
(Accounts and Audit) Act, the qualified auditor shall, not later than 4 months after the
end of every financial year, examine and audit -
17.
(a)
the annual statement of the Authority's income expenditure;
(b)
the balance sheet made up to the end of the financial year showing the
assets and liabilities of the Authority.
Annual report