Indigenisation and Economic Empowerment Act updated May 2011 (b) any moneys that the Fund may obtain, with the approval of the Minister and the Minister responsible for finance, by way of donations, loans or other financial assistance; and (c) levies, together with any interest or surcharge payable thereon, paid in terms of Part V; and (d) any moneys that may vest in or accrue to the Fund, whether in terms of this Act or otherwise. 15 Administration of Fund (1) Subject to this Act, the Fund shall be administered by the Board through the chief executive officer acting on behalf of and in accordance with any instructions of the Board. (2) With the approval of the Minister, the Board shall open one or more banking accounts into which all moneys received on behalf of the Fund shall be paid. (3) Further provisions governing the administration of the Fund are set out in the Third Schedule. 16 National Indigenisation and Economic Empowerment Charter It shall be a condition of any financial assistance provided through the Fund that the beneficiary shall comply to the best of his or her ability with the framework for ethical and good business conduct contained in the National Indigenisation and Economic Empowerment Charter set out in the Fourth Schedule. PART V LEVIES 17 Imposition of levies (1) The Minister may, with the approval of the Minister responsible for finance and subject to subsection (3), by statutory instrument, impose one or more levies on any private or public company and any other business in Zimbabwe specified in the statutory instrument. (2) Subject to this Part, in regard to a levy imposed in terms of subsection (1), the Minister may, by statutory instrument, prescribe– (a) the persons who shall be responsible for the payment of the levy; and (b) the persons who shall be responsible for the collection and remittal of the levy; and (c) the manner in which and the times at which the levy shall be paid, collected and remitted; and (d) the period for which the levy shall be imposed; and (e) the imposition of interest and additionally, or alternatively, a surcharge if the levy is not paid within the time prescribed; and (f) the registration of companies and businesses for the purpose of the levy; and (g) the books and records to be kept and the returns and information to be furnished to the Minister and the Board or any other person for the purpose of the levy. (3) A statutory instrument may not be made in terms of subsection (1) or (2) unless a draft has been laid before and approved by resolution of Parliament. - 13 -