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Amendments are not highlighted in legislation amended before 2012. We are working on it.
Formal Consolidation |  1998 RevEd
Currency Reserve Fund
22A.—(1)  There shall be established a Currency Reserve Fund (referred to in this Act as the Reserve Fund).
[3/91]
(2)  The assets of the Reserve Fund shall be invested in the same commodities, financial instruments, securities or things as the assets of the Currency Fund are invested in under section 22.
[3/91]
(3)  All dividends, interest or other revenue derived from investments or from the utilisation in any other manner of the moneys of the Reserve Fund shall be paid into the Currency Fund Income Account established under section 23.
[3/91]
(4)  There shall be charged upon the Currency Fund Income Account all expenses relating to the investment of the Reserve Fund.
[33/95]
(5)  The value of the Reserve Fund and its assets for any purpose of this Act shall be determined by the same method as that adopted for the Currency Fund.
[3/91]
(6)  The Board may, with the approval of the President, appoint any person to manage the Reserve Fund on its behalf.
[3/91]
(7)  At the end of each financial year, the assets in the Reserve Fund that are in excess of requirements, as determined by the Board, shall be transferred to the Currency Fund Income Account.
[3/91]
Informal Consolidation | Amended Act 47 of 1998
Currency Reserve Fund
22A.—(1)  There shall be established a Currency Reserve Fund (referred to in this Act as the Reserve Fund).
[3/91]
(2)  The assets of the Reserve Fund shall be invested in the same commodities, financial instruments, securities or things as the assets of the Currency Fund are invested in under section 22.
[3/91]
(3)  All dividends, interest or other revenue derived from investments or from the utilisation in any other manner of the moneys of the Reserve Fund shall be paid into the Currency Fund Income Account established under section 23.
[3/91]
(5)  The value of the Reserve Fund and its assets for any purpose of this Act shall be determined by the same method as that adopted for the Currency Fund.
[3/91]
(6)  The Board may, with the approval of the President, appoint any person to manage the Reserve Fund on its behalf.
[3/91]
(7)  At the end of each financial year, the assets in the Reserve Fund that are in excess of requirements, as determined by the Board, shall be transferred to the Currency Fund Income Account.
[3/91]