Social Security Act (Cap. 318)
Social Security Act (Cap. 318), article 114
114. (1) All benefits, allowances, pensions and assistance
payable under this Act shall be a charge on the Consolidated Fu nd
without any further appropriation other than this Act.
(2) Subject to the provisions of the Public Finance
Management Act , and in accordance with the provisions of article
132, the Director shall keep prope r records of all disbursement s and
receipts (including any fines or penalties imposed in terms of
articles 113, 117, 119 and 125) unde r this Act, and any expense
incurred in carrying this Act int o effect, and to this end shal l keep a
separate Social Security Account , hereinafter referred to as "t he
Account", as he shall, with the approval of the Accountant Gene ral,
determine.
Cap. 601.
(3) A statement showing the receipts and payments of the
Account shall, as soon as possible after the close of each fina ncial
year and in any case not later than three months after the clos e of
such year, be forwarded by the Accountant General to the Audito r
General, and article 35(2) of the Public Finance Management Act ,
shall apply to such statements.
Expenses of
administration.
Re-numbered by:
XXIV . 1993.2.
Text read from the consolidated PDF published by Legislation Malta. Tables, figures and marginal notes may be incomplete or out of place: the official PDF is authoritative. General information, not legal, tax or accounting advice.