60 No. 23708 Act No. 25,2002 GOVERNMENT GAZETTE, 2 AUGUST 2002 ELECTRONIC COMMUNICATIONS AND TRANSACTIONS ACT, 2002 statement of estimated income and expenditure or supplementary statement contemplated in subsection (6). (8) To the extent that the Authority is provided with start-up capital by the State, the Authority may, at the election of the Ministerof Finance, be madesubject to thePublic Finance Management Act, (Act No. 1 of 1999), until such time as the Authority, to the 5 satisfaction of the Ministerof Finance, becomes self-sustaining through the alternative sources of revenue provided for in subsection( 3 ) . Reports 67. As soon as practicableafter the end of every financial year,the Board must submit a report on its activities during that year to the Minister who must table that report in 10 Parliament. Part 5 Regulations Regulations regarding Authority 68. The Authority may, with the approval of the Minister,makeregulations 15 regarding(a) the requirements which registries and registrars must meet in order to be licensed,includingobjectivestandardsrelatingtooperationalaccuracy, stability, robustness and efficiency; (b) the circumstancesandmanner in whichregistrations may beassigned, 20 registered, renewed, refused, or revoked by the registries with due regard to the express recognition of the right of groups and members of groups within the Republictoidentifywith,use or communicatecultural,linguistic, geographical, indigenous or any other expressions of heritage including any visual or audible elements attributes thereof; or 25 ( c ) pricingpolicy; (d) provisions for the restoration of a domain name registrationand penalties for late payments; (e) the terms of the domain name registration agreement which registries and registrars must adopt anduse in registering domain names, including issues in30 respect of privacy, consumer protectionand alternative dispute resolution; (f) processes and procedures to avoidunfairandanti-competitivepractices, including bias to,or preferential treatmentof actual or prospective registrants, registries or registrars, protocols or products; ( g ) requirements to ensure that each domain name contains an administrative and35 technical contact; ( h ) the creation of new sub-domains; (2) procedures for ensuring monitoringof compliance with theprovisions of this Act and the regulations provided for in this Chapter, including regular .za name audits; domain technical space 40 ( j ) suchothermattersrelating to the.zadomainnamespaceasit may be necessary to prescribe to achieve the objectivesof this Chapter; and ( k ) policy to be applied by the Authority.