Amendment status not verified — confirm the current text below against the official source.
(1) There shall be constituted from among the members of the Commission in the prescribed manner, a Standing Finance Committee in respect of each of the [three] funds referred to in Section 18. (2) The Standing Finance Committee shall exercise such of the powers of the Commission under Section 19 as are delegated to it by the Commission.] Inserted by Act 32 of 1961, Section 11. Substituted for "two" by Act 12 of 1987, Section 12 (w.e.f. 01/04/1988).