RTIA Annual Report E-Book

Road Traffic Infringement Agency Annual Financial Statements for the year ended 31 March 2024 __________________________________________________________________________________________________________________________________________________________ Notes to the Annual Financial Statements Figures in Rand 5. Receivables from non-exchange transactions

The ageing of amounts past due but not impaired is as follows: AARTO rollout conditional grant not received

71 764 000

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6. Accounting By Principals And Agents

AARTO statutory receivables past due but not impaired

The entity is a party to a principal-agent arrangement(s).

Entity as agent

Resources held on behalf of the principal(s), but recognised in the entity’s own financial statements

Agent-principal relationship

In terms of the Administrative Adjudication of Road Traffic Offences (“AARTO”) Act, section 4(1), the RTIA is mandated to administer a procedure to discourage the contravention of road traffic laws and support adjudication of infringements; to enforce penalties imposed. The Agency will perform the respective section of section 4(1) by adherence to section 4(2) and section 4(3) respectively requirements of the AARTO Act. The RTIA is the agent in this relationship and this was determined since the inception of the RTIA. The RTIA manages this relationship through section 32 read together with section 13(1), therefore the Agency is required to collect penalties as a service to the issuing authority for which RTIA is compensated by the retention of the commission which is disclosed as Infringement fees. The assets and liabilities are managed in terms of the Administrative Adjudication of Road Traffic Offences (“AARTO”) Act. The AARTO Act requires the issuing authorities and collecting agencies to deposit all the money collected into the AARTO bank accounts managed by the Road Traffic Infringement Agency (“RTIA”) by the 7th of each following month. The deposits are in turn

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Road Traffic Infringement Agency • Annual Report 2023/24