7
CurrentPayment from Fund only on direction of Board
7 Payment from Fund only on direction of Board
(1)
Payment shall not be made out of moneys standing to the credit of the Fund except upon and in accordance with a written direction of the Board.
(2)
The Board shall not issue such a direction unless it is satisfied that the payment from moneys standing to the credit of the Fund to which the direction relates is authorised by or under this Act and that the provisions of this Act relating to any claim for the payment have been complied with.
[Section 7 amended: No. 49 of 1996 s. 64.]
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