27Funds

27 Funds

(1)  The funds of the Regulator consist of –

(a) [Section 27 Subsection (1) amended by No. 59 of 2009, s. 181, Applied:01 Jun 2010] all money received by the Regulator in the course of performing functions and exercising powers under this Act; and

(b) money appropriated by Parliament for the purpose of the Regulator; and

(c) all other money received by the Regulator from any other source.

(2)  The funds of the Regulator are to be applied –

(a) [Section 27 Subsection (2) amended by No. 59 of 2009, s. 181, Applied:01 Jun 2010] in the payment or discharge of the expenses, charges and obligations incurred or undertaken by the Regulator in the performance of functions and the exercise of powers; and

(b) in the payment of the remuneration and allowances of the Regulator; and

(c) in meeting the expenses incurred by the Regulator in respect of –

(i) the use of the services of persons referred to in section 25 ; and

(ii) the assistance or facilities provided under section 26 ; and

(d) in any other manner authorised or required under this or any other Act.