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Formal Consolidation |  2000 RevEd
Application of fees received by Board
32.—(1)  All fees payable under this Act shall be paid to the Board to be applied in the first place to defraying expenses of registration and other expenses of the administration of this Act, including any expenses of the Board that may be allowed under any rules and thereafter to providing scholarships and the promotion of learning and education in connection with architecture.
(2)  The Registrar shall take and receive all moneys payable to the Board under this Act.
(3)  All fees and other moneys payable to the Board under this Act shall be paid forthwith into a bank account approved by the Board.
(4)  The Board may from time to time invest any moneys not immediately required by the Board in such trustee securities as the Board may determine.
(5)  The Board shall keep full and proper accounts of all moneys received and expended by it and the accounts shall be audited by an auditor approved by the Minister.
(6)  The Board shall, as soon as practicable after the end of each accounting year, but not later than 3 months from the end of that year unless the Minister otherwise authorises in writing, submit to the Minister a report of its functions, proceedings and activities during the preceding year.
Informal Consolidation | Amended Act 45 of 2004
Application of fees received by Board
32.—(1)  All fees payable under this Act shall be paid to the Board to be applied in the first place to defraying expenses of registration and other expenses of the administration of this Act, including any expenses of the Board that may be allowed under any rules and thereafter to providing scholarships and the promotion of learning and education in connection with architecture.
(2)  The Registrar shall take and receive all moneys payable to the Board under this Act.
(3)  All fees and other moneys payable to the Board under this Act shall be paid forthwith into a bank account approved by the Board.
(4)  The Board may invest its moneys in accordance with the standard investment power of statutory bodies as defined in section 33A of the Interpretation Act (Cap. 1).
[45/2004 wef 15/12/2004]
(5)  The Board shall keep full and proper accounts of all moneys received and expended by it and the accounts shall be audited by an auditor approved by the Minister.
(6)  The Board shall, as soon as practicable after the end of each accounting year, but not later than 3 months from the end of that year unless the Minister otherwise authorises in writing, submit to the Minister a report of its functions, proceedings and activities during the preceding year.