Skills Development Act, 1998 (Act No. 97 of 1998)

Constitutions

Constitution of the Agriculture Sector Education and Training Authority (AgriSETA)

Chapter Three : Membership of Governing Board

14. Financial and general responsibilities of Governing Board
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14.1The Governing Board must ensure that AgriSETA has and maintains:
14.1.1effective, efficient and transparent systems of financial and risk management and internal control;
14.1.2a system of internal audit under the control and direction of an audit committee complying with the operating in accordance with regulations and instructions prescribed in terms of sections 76 and 77 of the Public Finance Management Act;
14.1.3an appropriate procurement and provisioning system which is fair, equitable, transparent, competitive and cost effective; and
14.1.4a system for properly evaluating all major capital projects prior to a final decision on the project.

 

14.2The Governing Board must take effective and appropriate steps to:
14.2.1collect all revenue due to AgriSETA; and
14.2.2prevent irregular expenditure, fruitless and wasteful expenditure, losses resulting from criminal conduct, and expenditure not complying with the operational policies of AgriSETA; and
14.2.3manage available working capital efficiently and economically.

 

14.3The Governing Board is responsible for the management, including the safeguarding, of the assets and for the management of the revenue, expenditure and liabilities of AgriSETA.

 

14.4The Governing Board must comply with any tax, levy, duty, pension and audit commitments as required by legislation.

 

14.5The Governing Board must take effective and appropriate disciplinary steps against any employee of AgriSETA who:
14.5.1contravenes or fails to comply with a provision of this Act;
14.5.2commits an act which undermines the financial management and internal control system of AgriSETA or
14.5.3makes or permits an irregular expenditure or a fruitless and wasteful expenditure.

 

14.6The Governing Board is responsible for the submission by AgriSETA of all reports, returns, notices and other information to Parliament or the Minister, as may be required by the Public Finance Management Act.

 

14.7The Governing Board must comply, and ensure compliance by AgriSETA, with the provisions of the Public Finance Management Act and any other legislation applicable to AgriSETA.