5/31/2021 LICENCES ACT, 2010 | L | Alphabetical List of Statutes (1) The Board may, subject to such conditions and restrictions as it may impose, delegate to the Chief Executive Officer such of its powers as are necessary to enable the Chief Executive Officer to transact effectively the day-to-day affairs of the Authority. (2) The Chief Executive Officer may, subject to the approval of the Board, delegate to an officer of the Board, any of the Chief Executive Officer’s functions. 15. Funds of the Authority. (1) The funds of the Authority shall consist of money appropriated by an Appropriation Act and paid to the Authority. (2) The Authority shall apply its funds for the purpose of meeting expenditures incurred by the Authority in the performance of its functions, the payment of emoluments to the members, officers and staff and meeting such other expenses as may be authorised by the Board. 16. Accounts and audit. (1) The Authority shall keep proper accounts of the Authority and records in relation to the accounts and shall prepare, in respect of each financial year of the Authority, a statement of accounts in such form as the AuditorGeneral may direct. (2) The accounts and statement of accounts of the Authority shall be audited by the Auditor-General. (3) As soon as the accounts and statement of accounts of the Authority in respect of any financial year have been audited, the Authority shall furnish to the Minister a copy of the statement together with a copy of any report made by the Auditor-General on that statement or on the accounts of the Authority. (4) The Authority shall prepare in respect of each financial year of the Authority a report of its activities and submit a copy of the report to the Minister and the Minister shall cause the report to be presented to the National Assembly. (5) The nancial year of the Authority shall be the year ending on 31st December. 17. Appeals. A person aggrieved by any decision of the Authority may submit a notice of appeal in writing to the Appeals Board. 18. Appeals Board. (1) There shall be an Appeals Board to hear and determine appeals against the decisions of the Authority. (2) The Appeals Board shall consist of the following members appointed by the President— (a) a chairperson; (b) a representative of the Attorney-General; (c) a representative of the Fair Trading Commission; (d) a representative of a non-governmental organisation that represents the interests of the private sector. (3) A person appointed as a member of the Appeals Board shall have experience in legal, administrative, economic or financial matters. (4) A member of the Appeals Board shall be appointed on such terms and conditions as the President may determine. (5) The Chairperson and other members of the Appeals Board shall hold office for three years and shall be eligible for reappointment. (6) The President shall at any time terminate the appointment of a member who has been found guilty of— (a) any misconduct, default or breach of trust in the discharge of that member’s duties; or (b) an offence of such nature as renders it desirable that the member’s appointment be terminated. (7) The Appeals Board may regulate its own proceedings. 19. Decision on appeal. The Appeal Board may, where it entertains a notice of appeal, decide the appeal by—  (/) (a) confirming the decision of the Authority; https://www.seychelleslaw.sc/l/licences-act-2010/print 6/19