(iii) the alienation, encumbrance or disposal of shares, assets or other interests in a commercialised business; (iv) the obtaining of shares or other interests in a commercialised business by - (aa) a member or staff member of a local authority council; or (bb) any other person - (ab) who is related to such member, whether by affinity or consanguinity; (ac) who is a member of the household of such member; (ad) with whom such member is in terms of the traditional laws and customs a partner in a customary union; or (ae) who is a partner, agent or business associate of such member; (v) the particulars which may be incorporated into the documents stating the objects and purposes of a commercialised business; (vi) the authority to which the accounting records and financial statements of a commercialised business shall be submitted; (d) the procedures to be followed by a local authority council when appointing any staff member, including the town clerk, and the re-appointment of any such person, including the form of and the procedures relating to the application for appointment or re-appointment; (e) the delegation of powers and the assignment of duties or functions by any staff member of a local authority council, including the procedures relating thereto; [paragraph (e) substituted by Act 3 of 2018] (f) the suspension and discharge of staff members; [paragraph (f) substituted by Act 3 of 2018] (g) the valuation of rateable property by valuers and valuation courts and the procedures to be followed at valuation courts; and [paragraph (g) inserted by Act 3 of 2018] (h) any other matter which the Minister may consider expedient to prescribe in order to attain the objects of this Act. [paragraph (h) inserted by Act 3 of 2018] (2) A regulation made under subsection (1) may prescribe in respect of any contravention thereof or a failure to comply therewith a penalty not exceeding a fine of N$2 000 or imprisonment for a period not exceeding six months or both such fine and such imprisonment. (3) Regulations made under this section shall apply, unless determined otherwise in a regulation, to air local authority councils. [section 94A inserted by Act 24 of 2000]
(iii) the alienation, encumbrance or disposal of shares, assets or other interests in a commercialised business; (iv) the obtaining of shares or other interests in a commercialised business by - (aa) a member or staff member of a local authority council; or (bb) any other person - (ab) who is related to such member, whether by affinity or consanguinity; (ac) who is a member of the household of such member; (ad) with whom such member is in terms of the traditional laws and customs a partner in a customary union; or (ae) who is a partner, agent or business associate of such member; (v) the particulars which may be incorporated into the documents stating the objects and purposes of a commercialised business; (vi) the authority to which the accounting records and financial statements of a commercialised business shall be submitted; (d) the procedures to be followed by a local authority council when appointing any staff member, including the town clerk, and the re-appointment of any such person, including the form of and the procedures relating to the application for appointment or re-appointment; (e) the delegation of powers and the assignment of duties or functions by any staff member of a local authority council, including the procedures relating thereto; [paragraph (e) substituted by Act 3 of 2018] (f) the suspension and discharge of staff members; [paragraph (f) substituted by Act 3 of 2018] (g) the valuation of rateable property by valuers and valuation courts and the procedures to be followed at valuation courts; and [paragraph (g) inserted by Act 3 of 2018] (h) any other matter which the Minister may consider expedient to prescribe in order to attain the objects of this Act. [paragraph (h) inserted by Act 3 of 2018] (2) A regulation made under subsection (1) may prescribe in respect of any contravention thereof or a failure to comply therewith a penalty not exceeding a fine of N$2 000 or imprisonment for a period not exceeding six months or both such fine and such imprisonment. (3) Regulations made under this section shall apply, unless determined otherwise in a regulation, to air local authority councils. [section 94A inserted by Act 24 of 2000]