Section 33
Administrative expenses
of Medical and Elderly Care Endowment Schemes Act 2000
ActIn forceProvision 33 of 47
Section 33
(1)
All expenses incurred in connection with the administration of the Medifund and the ElderCare Fund, including the costs of auditing the accounts of the Medifund and the ElderCare Fund, must be defrayed out of the income of the Medifund and the ElderCare Fund, respectively.
(2)
The costs of auditing the accounts of any Medifund Account must be defrayed out of the income of the Medifund.