Financial Management of Parliament Act, 2009 (Act No. 10 of 2009)Chapter 2 : Oversight, Executive Authority and Administration of ActPart 3 : Administration of Act12. Fiduciary responsibilities |
| (1) | The Accounting Officer and other officials with responsibility under this Act must— |
| (a) | act with fidelity, honesty, integrity and in the best interests of Parliament in managing its financial affairs; |
| (b) | disclose all material facts which are available to that person or reasonably discoverable, and which in any way might influence any decision or action in terms of this Act; and |
| (c) | seek to prevent any prejudice to the financial interests and good reputation of Parliament. |
| (2) | For the purposes of subsection 1(b), any disclosure must be made— |
| (a) | in the case of the Accounting Officer to the Executive Authority; and |
| (b) | in the case of any other person, to the Accounting Officer. |
| (3) | No person having any responsibility under this Act— |
| (a) | may act in a way that is inconsistent with the Act; or |
| (b) | may use their position or any confidential information obtained in the exercise of their responsibilities for personal gain or to benefit improperly themselves or any other person. |