(1). The NAC complies with the National Treasury and applies annually to retain any surplus incurred during the year. The approval to retain surpluses was granted by the National Treasury except for the financial years for period ending 2021, 2022 and 2023, where the NAC incurred a deficit.
(2). The provisions in terms of the various legislative requirements and the Standard operating procedures are stipulated in section 4 of the Expired and Unclaimed Policy. These are: