(1) There is hereby established a fund to be known as the Private Security Fund to be used by the Authority as revenue for the execution of its functions and discharge of its obligations pursuant to this Act.
(2) The Fund shall consist of —
(a) sums received by the Authority in respect of application fees and licence fees and other charges imposed by the Authority under this Act;
(b) sums allocated to the Authority by Parliament;
(c) revenue raised by the Authority in the form of loans, grants, investments or other means; and
(d) all other sums that may become payable to or vested in the Authority in respect of matters incidental to its powers and duties.
(3) The Authority shall establish and maintain a Reserve Fund into which shall be paid any surplus funds of the Authority.
(4) The Authority may withdraw any funds from the Reserve Fund in cases of a shortfall for the purpose of exercising its functions or discharging its duties pursuant to this Act.
(5) Subject to any general or specific direction of Cabinet, any balance in the Reserve Fund at the end of the financial year resulting from the activities carried on by the Authority pursuant to this Act which is available after making full allowance for the exercise of its functions and discharging its duties pursuant to this Act shall be paid into the Consolidated Fund.