Armaments Corporation of South Africa, Limited Act, 2003 (Act No. 51 of 2003) 1. Definitions

 

 

"Armaments Development and Production Act"

means the Armaments Development and Production Act, 1968 (Act No. 57 of 1968);

 

"Board"

means the Board of Directors contemplated in section 6;

 

"Chief Executive Officer"

means the Chief Executive Officer appointed in terms of section 10;

 

"Chief Financial Officer"

means the Chief Financial Officer appointed in terms of section 11;

 

"commercial matériel"

means any material, equipment, facilities or services other than defence material;

 

"Corporation"

means the Armaments Corporation of South Africa, Limited contemplated in section 2(1), and its subsidiaries;

 

"defence matériel"

means any material, equipment, facilities or services used principally for military purposes;

 

"Department"

means the Department of Defence;

 

"dispose of defence matériel"

means the process by which excess, redundant, forfeited or surplus defence matériel is transferred to the Corporation by the Department for the purposes of upgrading, sale, donation or destruction;

 

"employee"

means an employee appointed in terms of section 13;

 

"Minister"

means the Minister of Defence;

 

"organ of state"

means an organ of state as defined in section 239 of the Constitution;

 

"Public Finance Management Act"

means the Public Finance Management Act, 1999 (Act No. 1 of 1999);

 

"Secretary for Defence"

means the Secretary for Defence contemplated in section 7 of the Defence Act, 2002 (Act No. 42 of 2002);

 

"this Act"

includes any regulation made under section 18.