Related documents
- Is amended by Public Enterprises Governance Act, 2006
- Is commenced by Commencement of Trust Fund for Regional Development and Equity Provisions Act, 2000
Trust Fund for Regional Development and Equity Provisions Act, 2000
Act 22 of 2000
- Published in Government Gazette 2451 on 21 December 2000
- Assented to on 5 December 2000
- Commenced on 5 March 2001 by Commencement of Trust Fund for Regional Development and Equity Provisions Act, 2000
- [This is the version of this document from 1 November 2006 and includes any amendments published up to 6 December 2024.]
- [Amended by Public Enterprises Governance Act, 2006 (Act 2 of 2006) on 1 November 2006]
1. Definitions
In this Act, unless the context otherwise indicates -“Board” means the Board of Trustees of the Fund established by section 4;“committee” means a committee of the Board of Trustees established by or under section 12;“decentralisation” means decentralisation as defined in the Decentralisation Enabling Act, 2000, and decentralise has a corresponding meaning;“development” means the development or advancement of the people and of the economy, and the development of the infrastructure, of a region or of a local authority area;“Fund” means the Trust Fund for Regional Development and Equity Provisions established by section 2;“local authority” means a municipality, town or village, as the case may be, as defined in section 1 of the Local Authorities Act, 1992 (Act No. 23 of 1992);“local authority council” means a municipal council, town council or village council as defined in section 1 of the Local Authorities Act, 1992 (Act No. 23 of 1992);“member” means a member of the Board;“Minister” means the Minister responsible for Regional and Local Government and Housing;“region” means a region as defined in section 1 of the Regional Councils Act, 1992 (Act No. 22 of 1992);“regional council” means a regional council as defined in section 1 of the Regional Councils Act, 1992 (Act No. 22 of 1992); and“staff member” means a staff member as defined in section 1 of the Public Service Act, 1995 (Act No. 13 of 1995).2. Establishment of the Fund and revenue thereof
3. Objects and purposes of the Fund
The objects and purposes of the Fund are -4. Establishment of the Board and management and control of the Fund
5. Constitution of the Board, terms of office and disqualification of members
6. Duties of the Board
7. Powers of the Board
8. Meetings of the Board
9. Financial year and auditing of books, accounts and balance sheets
10. Powers and duties of Minister
The Minister -11. Alternate members
The Minister may appoint for each member a person to be the alternate of the member and to act in the stead of the member during any period of the member’s temporary absence or incapacity.[section 11 substituted by Act 2 of 2006]12. Committees of the Board
13. Declaration of interest
14. Rights of and restrictions applicable to co-opted members
Members co-opted by the Board under section 7(1)(i) -15. Application of the Tender Board of Namibia Act
The Minister may apply, by notice in the Gazette, to the Fund or to the Board any of the provisions of the Tender Board of Namibia Act, 1996 (Act No. 16 of 1996) subject to such conditions, restrictions or amendments as the Minister may determine and specify in such notice.16. Submissions to Minister
17. Limitation of liability
The Minister, the Fund or the Board, or any member, as the case may be, shall not be liable in respect of anything done or omitted in good faith and not attributable to negligence in the performance of any function under or by virtue of this Act, or in respect of anything that may result from such act or omission.18. Exemption from taxes, duties and levies
19. Winding-up and judicial management
The fund shall not be wound up, dissolved or placed under judicial management except by or under the authority of an Act of Parliament.20. Short title and commencement
History of this document
01 November 2006 this version
05 March 2001
21 December 2000
05 December 2000
Assented to
Cited documents 10
Act 10
1. | Local Authorities Act, 1992 | 1335 citations |
2. | Regional Councils Act, 1992 | 392 citations |
3. | Public Service Act, 1995 | 308 citations |
4. | Tender Board of Namibia Act, 1996 | 301 citations |
5. | Income Tax Act, 1981 | 244 citations |
6. | Banking Institutions Act, 1998 | 224 citations |
7. | Customs and Excise Act, 1998 | 144 citations |
8. | Building Societies Act, 1986 | 104 citations |
9. | Stamp Duties Act, 1993 | 59 citations |
10. | Transfer Duty Act, 1993 | 40 citations |
Documents citing this one 8
Gazette 7
Act 1
1. | Public Enterprises Governance Act, 2006 | 93 citations |