Database Gazette No Notice No 896 Regulation 0 Gazette No Gazette GOV Date 19970627 Government Gazette 18106 PRESIDENT'S OFFICE No. 896. 27 June 1997 NO. 24 OF 1997: BROADCASTING AMENDMENT ACT, 1997 It is hereby notified that the President has assented to the following Act which is hereby published for general information:- No. 24 of 1997: Broadcasting Amendment Act, 1997 GENERAL EXPLANATORY NOTE: Words in bold type indicate omissions from existing enactments. Words in italics indicate insertions in existing enactments. ACT To amend the Broadcasting Act, 1976, in order to reduce the membership of the Board of the South African Broadcasting Corporation; and to provide that the proceeds of the sale of regional radio stations be paid into the National Revenue Fund. (Afrikaans text signed by the President.) (Assented to 26 June 1997.) BE IT ENACTED by the Parliament of the Republic of South Africa, as follows: Amendment of section 4 of Act 73 of 1976, as amended by section 2 of Act 61 of 1982, section 1 of Act 73 of 1993 and section 1 of Act 50 of 1996 1.
61 of 1982 2.
(1)(a) The corporation shallas soon as may be practicable after the coming into operation of section 18 of the Broadcasting Amendment Act, 1982establish a consolidated income fund into which, subject to paragraph (b), all money raised, and received, by the corporation, and any other revenues of whatever nature shall be paid, and the corporation mayafter that dateestablish such other funds for specific purposes as it may deem necessary in the carrying out of its activities, in which case any payment for those purposes shall only be made out of the fund intended therefor.
The proceeds of the sale of regional radio stations shall be paid into the National Revenue Fund referred to in section 213 of the Constitution of the Republic of South Africa, 1996 (Act No. 108 of 1996).
This Act shall be called the Broadcasting Amendment Act, 1997.