224ZADischarge of functions

1

In discharging its functions the scheme manager must have regard to—

a

the need to ensure efficiency and effectiveness in the discharge of those functions, and

b

the need to minimise public expenditure attributable to loans made or other financial assistance given to the scheme manager for the purposes of the scheme.

2

In subsection (1)(b) “financial assistance” includes the giving of guarantees and indemnities and any other kind of financial assistance (actual or contingent).