Section 3
Minister may require payment into Consolidated Fund
of Statutory Corporations (Contributions to Consolidated Fund) Act 1989
ActIn forceProvision 3 of 4
Section 3
Despite the provisions of any written law specified in the Schedule, the Minister may, by written notice, require any specified statutory corporation to pay into the Consolidated Fund within the period specified in the notice —
(a)
the whole or part of the excess of the revenue over the expenditure of that statutory corporation in any financial year; and
(b)
the whole or part of the amount in the funds of that statutory corporation which, in the Minister’s opinion, is not required for performing its functions and duties.