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Formal Consolidation |  2006 RevEd
Annual estimates
12.—(1)  The Commission shall, in every financial year, prepare or cause to be prepared and shall adopt annual estimates of income and expenditure of the Commission for the ensuing financial year.
(2)  Supplementary estimates may be adopted by the Commission at any of its meetings.
(3)  A copy of all annual estimates and supplementary estimates shall, upon their adoption by the Commission, be sent immediately to the Minister.
(4)  The Minister may approve or disallow any item or portion of any item shown in the estimates, and shall return the estimates as amended by him to the Commission, and the Commission shall be bound thereby.
(5)  Notwithstanding any provision of this section, the Commission may transfer all or any part of moneys assigned to one item of expenditure to any item under the same head of expenditure in any estimates approved by the Minister.
Informal Consolidation | Amended Act 10 of 2018
Minister’s approval of estimates
12.—(1)  A copy of all annual estimates of revenue and expenditure and supplementary estimates must, upon their adoption by the Commission, be sent without delay to the Minister.
(2)  The Minister may approve or disallow any item or portion of any item shown in the annual estimates or supplementary estimates.
(3)  The Minister must return the annual estimates or supplementary estimates as amended under subsection (2) to the Commission, and the Commission is bound by the Minister’s decision.
(4)  However, the Commission may transfer all or any part of moneys assigned to one item of expenditure to any item under the same head of expenditure in any estimates approved by the Minister.
[Act 5 of 2018 wef 01/04/2018]