opinion the statement of accounts gives a true and fair view of the Authority’s affairs.
(4) In addition to the report referred to in subparagraph (3), the Minister may require
the Board to obtain from its auditors appoi nted in terms of subparagraph (1) such
other reports, statements or explanati ons in connection with the Authority’s
operations, funds and property as the Minister may consider expedient, and the Board
shall forthwith comply with any such requirement.
Powers of auditors
6. (1) An auditor referred to in paragraph 5 shall be entitled at all reasonable times
to require to be produced to him all
accounts and other records relating to such
accounts which are kept by the Authority or
its agents and to require from any
member of the Board or employee or agen t of the Authority such information and
explanations as in the auditor’s opinion are necessary for the purposes of his audit.
(2) Any member of the Board or empl oyee or agent of the Authority who fails
without just cause to comply with a
requirement of an auditor in terms o f
subparagraph (1) shall be guilty of an offence and liable to a fine not exceeding level
four or to imprisonment for a period not ex ceeding three months or to both such fine
and such imprisonment.
[amended by Act 22 of 2001, gazetted on the 1st February, 2002]
PART II
MISCELLANEOUS PROVISIONS RELATING TO AUTHORITY
Execution of contracts and instruments by Authority
7. Any agreement, contract or instrument approved by the Bo ard may be entered
into or executed on behalf of the Author ity by any persons generally or specially
authorised by the Board for that purpose.
Reports of Authority
8. (1) In addition to any report which the Authority is requir ed to submit to the
Minister in terms of this Act or the A udit and Exchequer Act [Chapter 22:03], the
Authority—
(a)
shall submit to the Minister such other re ports as the M inister may
require; and
(b)
may submit to the Minister such other reports as the Authority
considers advisable;
in regard to the operations and property of the Authority.
(2) The Minister shall, within six months of the end of the Authority’s financial year,
lay before Parliament a re port submitted to him by the Authority in terms o f
subparagraph (1), together with the statem ent of accounts and auditor ’s report for the
preceding financial year of the Authority referred to in paragraphs 4 and 5.
Chief Executive and other employees of Authority
9. (1) For the better exercise of the functions of the Author ity the Board may, in
consultation with the Minist er, appoint a person to be the Chief Executive of the
Authority, on such terms and conditions as the Board, with the approval of the
Minister, may fix.
(2) The Board shall terminate the appointme nt of the Chief Executive if he would be
required in terms of paragraph (b) or (c ) of paragraph 3 of the Third Schedule to
vacate his office had th at paragraph and paragraphs (a), (b) and (c) of subparagraph
(1) of paragraph 2 of the Third Schedule, and subparagr aph (2) of that paragraph,
applied to him.
(3) The Board shall not terminate the se rvices of the Chief Executive on a ground
other than one referred to in subparagraph (2) without the approval of the Minister.
(4) The Board shall employ such persons in addition to the Chief Executive as it
considers expedient for the better exercise of the functions of the Authority.
(5) Subject to the general control of
the Board, the C hief Executive shall be
responsible for—
(a)
managing the operations and property of the Authority; and
(b)
supervising and controlling the activities of the employees of the