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(1)Local governments' revenue generally shall be regulated as provided in Schedule 7 to this Act.
(2)The Minister shall, by statutory instrument, make financial and accounting regulations prescribing the financial and accountability measures for compliance by all local governments.
(3)Notwithstanding any other penalty imposed by any other law, a surcharge may be imposed on any councillor or a member of staff who is responsible for loss of money or loss or damage to property or stores in accordance with the financial and accounting regulations.
Local governments are required to generate revenue according to the rules in Schedule 7. The Minister must create financial and accounting regulations...
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