The Treasury Registrar (Powers and Functions) Act

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CHAPTER 370
THE TREASURY REGISTRAR
(POWERS AND FUNCTIONS) ACT
[PRINCIPAL LEGISLATION]
Arrangement of Sections
Section Title
1. Short title.
2. Interpretation.
3. Establishment of Office of Treasury Registrar.
4. Appointment of Treasury Registrar.
5. Employment and management of staff.
6. Evidence of seal and acts.
7. Devolution of property and vacancies.
8. Corporation to hold property in trust.
9. Powers in relation to corporations.
10. Voluntary agreement by public corporation.
11. Functions of Registrar in relation to corporation.
12. Operating expenditure ceiling.
13. Funds of Office of Treasury Registrar.
14. Accounts.
15. Transfer of investments.

r in relation to corporation.
12. Operating expenditure ceiling.
13. Funds of Office of Treasury Registrar.
14. Accounts.
15. Transfer of investments.

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1. This Act may be cited as the Treasury Registrar (Powers and
Functions) Act. 2. In this Act-
“investment” include shares, stock debentures, debenture
stock, loan stock, notes, bonds and mortgages in or of
any corporate body or issued by or on behalf of any
Government or State; and
“Minister” means the Minister responsible for public
investment. 3.–(1) There is established an office to be known as the Office
of the Treasury Registrar. (2) The Office of the Treasury Registrar shall be a body
corporate with perpetual succession and official Seal and shall,
in its own name, be capable of-
(a) suing and being sued;
(b) acquiring, holding, managing and disposing of
properties;
(c) executing deeds and instruments;
(d) entering into agreement;
Short title
Interpretation
Acts Nos. 11 of 2010
s. 32
5 of 2023
s. 67
Establishment of
Office of Treasury
Registrar
Acts Nos. 11 of 2010
s. 33
13 of 2016
s.

title
Interpretation
Acts Nos. 11 of 2010
s. 32
5 of 2023
s. 67
Establishment of
Office of Treasury
Registrar
Acts Nos. 11 of 2010
s. 33
13 of 2016
s.

40
CHAPTER 370
THE TREASURY REGISTRAR
(POWERS AND FUNCTIONS) ACT
An Act to incorporate an office of Treasury Registrar for the acquisition,
holding and management of investments, whether secured or not, on
behalf of the Government, and for related matters. [13th November, 1959]
Ord. No. 35 of 1959
[R.L. Cap. 418]
Acts Nos. 16 of 1983
2 of 1992
14 of 1999
11 of 2010
4 of 2013
2 of 2014
15 of 2015
13 of 2016
8 of 2020
5 of 2023

Ord. No. 35 of 1959
[R.L. Cap. 418]
Acts Nos. 16 of 1983
2 of 1992
14 of 1999
11 of 2010
4 of 2013
2 of 2014
15 of 2015
13 of 2016
8 of 2020
5 of 2023

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THE TREASURY REGISTRAR (POWERS AND FUNCTIONS) ACT [CAP. 370 R.E. 2023]
(e) exercising all rights conferred by the holding of
investments including the powers of holding immovable
and other properties; and
(f) doing all other acts and things necessary or expedient
to be done in the execution of the duties of the Office of
Treasury Registrar or which are required to be done or
may be done by the Office of Treasury Registrar under
this Act or any other written law. (3) Notwithstanding the provisions of this section, the
Attorney General shall have the right to intervene in any suit
or matter instituted by, or against the Treasury Registrar. (4) Where the Attorney General intervenes in any matter in
pursuance of subsection (2), the provisions of the Government
Proceedings Act shall apply in relation to the proceedings of
that suit or matter as if it had been instituted by, or against the
Government.

vernment
Proceedings Act shall apply in relation to the proceedings of
that suit or matter as if it had been instituted by, or against the
Government.

(5) For purposes of subsections (3) and (4), the Treasury
Registrar shall have a duty to notify the Attorney General of
any impending suit or intention to institute a suit or matter by,
or against the Treasury Registrar. 4.–(1) There shall be a Treasury Registrar who shall be
appointed by the President from amongst the citizens of
Tanzania. (2) The President on appointment of the Treasury Registrar
shall, consider relevant professional qualifications, experience
and leadership skills suitable for appointment to the post. (3) The Treasury Registrar shall not personally or by virtue
of his office, be appointed as a member or Chairman of a
corporation in which the Government is a shareholder. (4) The provisions of subsection (3) shall not be construed
as a bar to other members of the Office of Treasury Registrar
from being appointed as board members. Cap. 5
Appointment
of Treasury
Registrar
Act No. 11 of 2010 s. 34

r members of the Office of Treasury Registrar
from being appointed as board members. Cap. 5
Appointment
of Treasury
Registrar
Act No. 11 of 2010 s. 34

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THE TREASURY REGISTRAR (POWERS AND FUNCTIONS) ACT [CAP. 370 R.E. 2023]
(5) The Treasury Registrar shall hold Office for a term of
five years and be eligible for reappointment for one further
term only. [s. 3A]
5.–(1) The Treasury Registrar shall employ, appoint, promote
and control discipline of such number and categories of officers
and employees of such qualifications as may be considered
necessary to assist him in the performance of the functions,
carrying responsibilities and exercise of his powers. (2) In discharging the duty imposed by subsection (1), the
Treasury Registrar shall, with necessary variations be guided
by the laws governing employment in the public service. (3) A person who, immediately before the coming into
force of this section, holds or is acting in any capacity within
the Office of Treasury Registrar, upon the coming into force of
this section shall be deemed to have been appointed to or to
act in that office in accordance with the provisions of this Act.

he coming into force of
this section shall be deemed to have been appointed to or to
act in that office in accordance with the provisions of this Act.

(4) The Treasury Registrar shall, upon approval of the
relevant authorities, determine remuneration of officers
appointed or employed pursuant to subsection (1). [s. 4]
6. The official seal of the Treasury Registrar shall be officially
and judicially noticed, and every document purporting to be a
deed or instrument made or issued by the Treasury Registrar
and to be sealed with his official seal, authenticated by the
signature of the Treasury Registrar or an Assistant Treasury
Registrar, shall be received in evidence and be deemed to be
so made or issued without further proof, unless the contrary
is shown. [s. 5]
7.–(1) Where any investments or other property or any interest
in it are vested in the Treasury Registrar, the same shall, unless
and until otherwise disposed of, pass and devolve to and vest
in his successors in office from time to time. Employment and
management of
staff
Act No. 11 of 2010 s. 35
Evidence of seal
and acts
Devolution of
property and
vacancies

n office from time to time. Employment and
management of
staff
Act No. 11 of 2010 s. 35
Evidence of seal
and acts
Devolution of
property and
vacancies

©2025 Government of Tanzania. All rights reserved. No part of this book may be reproduced or distributed without permission of OAG.237
THE TREASURY REGISTRAR (POWERS AND FUNCTIONS) ACT [CAP. 370 R.E. 2023]
(2) Where there is a vacancy in the office of Treasury
Registrar at the time when, if there had been no vacancy, any
interest in or charge on investments or other property would
have been acquired by the corporation hereby established, that
interest or charge shall, notwithstanding the vacancy, vest in
the successor to that office on his appointment, but without
prejudice to the right of the successor to disclaim that interest
or charge. (3) Any contract or other transaction expressed or purported
to be made with the Treasury Registrar at a time when there
is a vacancy in the office of Treasury Registrar, shall, on the
vacancy being filled, take effect and be deemed to have taken
effect as if the vacancy had been filled before the contract or
transaction was expressed to be made or was capable of taking
effect, and, on the appointment of a successor, shall be capable
of being enforced, accepted, disclaimed or renounced by him. [s.

as capable of taking
effect, and, on the appointment of a successor, shall be capable
of being enforced, accepted, disclaimed or renounced by him. [s.

6]
8.–(1) All investments and other property vested in the
Treasury Registrar, including investment comprised in the paid
up capital of a public corporation or a statutory corporation
pursuant to section 4 of the Public Corporations Act, shall be
held by the Treasury Registrar in trust for the President and for
the purposes of the Government of the United Republic. (2) The President may, for the public interest and in
accordance with the relevant laws, give the Treasury Registrar
directives as to the disposal of investments or other properties
held by him and of the interest, produce or their proceeds. (3) Save as is provided in subsection (2), nothing contained
in this section or in any other written law relating to trusts or
trustees shall be construed as requiring the Treasury Registrar
to realise any property held in trust for the President and to
invest its proceeds in trustee securities, or as rendering the
Treasury Registrar liable for retaining any such property or for
not investing the proceeds of its sale or any moneys held upon
the trust in investments authorised for trustees. [s. 7]
Corporation to
hold property in
trust
Acts Nos. 16 of 1983 s. 60
11 of 2010 s. 36
Cap.

d upon
the trust in investments authorised for trustees. [s. 7]
Corporation to
hold property in
trust
Acts Nos. 16 of 1983 s. 60
11 of 2010 s. 36
Cap.

257

257

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THE TREASURY REGISTRAR (POWERS AND FUNCTIONS) ACT [CAP. 370 R.E.

. No part of this book may be reproduced or distributed without permission of OAG.238
THE TREASURY REGISTRAR (POWERS AND FUNCTIONS) ACT [CAP. 370 R.E.

2023]
9.–(1) For the purpose of securing the proper management of
the property and other investments vested in it, the Treasury
Registrar shall closely monitor the supervision and control of
the financial affairs of all public and statutory corporations
and may, in particular-
(a) cause a special examination to be made of the
expenditure of the funds of any public or statutory
corporation;
(b) require any corporation to make specific adjustments
of expenditure;
(c) cause or facilitate the conduct of inquiries into the
conduct and performance of functions by officers
having control of or access to the funds or employed
in the maintenance of the accounts of any public or
statutory corporation;
(d) direct or approve the adoption, application or
amendment of financial regulations so as to ensure
the proper accounting of incomes and expenditure of
corporation;
(e) recommend to the Minister measures designed to-
(i) minimise unproductive expenditure of funds of
public and statutory corporations;
(ii) averting loss of funds resulting from negligence,
lack of care, theft, dishonesty or otherwise.

re of funds of
public and statutory corporations;
(ii) averting loss of funds resulting from negligence,
lack of care, theft, dishonesty or otherwise.

(f) require each executive agency, public corporation
or public institution to remit fifteen percentum of its
annual gross revenue to the Consolidated Fund in
accordance with the Public Finance Act. (2) The Minister may, by regulations, published in the
Gazette, provide the procedure for ensuring the smooth and
effective exercise by the Treasury Registrar of the powers of
control and supervision conferred by this section. (3) For the avoidance of doubt, in this section all reference to
corporations is reference to public and statutory corporations
to which section 4 of the Public Corporation Act applies; and
the powers conferred by this section to the Treasury Registrar
Powers in relation
to corporations
Acts Nos. 16 of 1983 s. 61
4 of 2013 s. 58
2 of 2014 s. 51
15 of 2015 s. 47
Cap. 348
Cap. 257

he Treasury Registrar
Powers in relation
to corporations
Acts Nos. 16 of 1983 s. 61
4 of 2013 s. 58
2 of 2014 s. 51
15 of 2015 s. 47
Cap. 348
Cap. 257

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THE TREASURY REGISTRAR (POWERS AND FUNCTIONS) ACT [CAP. 370 R.E. 2023]
in relation to corporations shall be in addition to and not in
derogation of, any powers conferred on it by or under any
other written law. [s. 8]
10. Where the Treasury Registrar has received a voluntary
agreement and its report from the Labour Commissioner
subject to Third Schedule of the Employment and Labour
Relations Act, he shall, within forty-five days-
(a) approve the voluntary agreement and submit the same
to the Minister for registration to the Industrial Court;
or
(b) disapprove the voluntary agreement and return the
same to the Labour Commissioner together with the
detailed reasons for his disapproval of the agreement. [s. 9]
11.–(1) The Treasury Registrar shall keep or cause to be
kept under permanent review the business and affairs of all
persons and bodies of persons in respect of which the Treasury
Registrar holds any property or any interest in the property
pursuant to this Act.

all
persons and bodies of persons in respect of which the Treasury
Registrar holds any property or any interest in the property
pursuant to this Act.

(2) Without prejudice to the generality of subsection (1),
and in furtherance of that provision the Treasury Registrar
shall, in particular-
(a) render advice to the Government relating to the
establishment of public or statutory corporations,
and the vesting of any business or property in those
organisations;
(b) review the financial performance of public and
statutory corporations with a view to recommending
measures aimed at amalgamation, disestablishment or
improvement of their performance;
(c) consider, recommend or approve corporate and annual
plans of public statutory corporations, or other bodies
in which the Treasury Registrar has an interest before
Voluntary
agreement
by public
corporation
Act No. 14 of 1999 Sch. Cap. 366
Functions of
Registrar in
relation to
corporation
Acts Nos. 16 of 1983 s. 6
2 of 1992 s. 32
11 of 2010 s. 37

poration
Act No. 14 of 1999 Sch. Cap. 366
Functions of
Registrar in
relation to
corporation
Acts Nos. 16 of 1983 s. 6
2 of 1992 s. 32
11 of 2010 s. 37

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THE TREASURY REGISTRAR (POWERS AND FUNCTIONS) ACT [CAP. 370 R.E.

. No part of this book may be reproduced or distributed without permission of OAG.240
THE TREASURY REGISTRAR (POWERS AND FUNCTIONS) ACT [CAP. 370 R.E.

2023]
their submission to the Government for incorporation
in the overall economic development plans of
Government or for funding;
(d) set financial targets and other performance criteria to
be pursued by any public and statutory corporation;
(e) evaluate, from time to time the performance and
effectiveness of boards and management committees of
public and statutory corporations, and recommend to
the Government remedial or improvement measures
designed to ensure the proper and more efficient
utilisation of finances and assets of those corporations;
(f) approve whether a public corporation interested in
buying shares from any other public corporation or
company may do so;
(g) invest or to dispose of investments in public
corporations or statutory corporation;
(h) supervise public corporations and statutory
corporation’s investment funds;
(i) make follow-up and ensure dividends from public
corporation where the Government has, shares, are
paid when are due;
(j) monitor and evaluate the performance of public and
statutory corporations;
(k) ensure that every public corporation enters into
performance contract with the Treasury Registrar
immediately upon appointment of the government
body;
(l) monitor and evaluate training programme in public
and statutory corporations;
(m) direct or approve the adoption, application or
amendment of financial regulations so as to ensure the
proper accounting of the income and expenditure of
public corporations;
(n) examine and approve organisation and salaries
structures, schemes of service, and incentive package
in public corporations and statutory corporations; and

ine and approve organisation and salaries
structures, schemes of service, and incentive package
in public corporations and statutory corporations; and

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THE TREASURY REGISTRAR (POWERS AND FUNCTIONS) ACT [CAP. 370 R.E. 2023]
(o) monitor capital grants, subsidy, capital funds, reserves
or retained earnings earned by a corporation and any
other public investments. (3) Every Chief Executive Officer, and the Chairman of
Board or Management Committee, as the case may be, of
every public or statutory corporation shall, when so required
by him, furnish the Treasury Registrar with any information
or report in the form and within time which may be specified
in the requirement, and for the purposes of facilitating the
performance by the Treasury Registrar of his functions under
this section. (4) For the avoidance of doubt, in this section all reference to
corporations is a reference to public and statutory corporations
to which section 4 of the Public Corporations Act applies; and
the provisions of this section relate to the Treasury Registrar
in its capacity of a corporation sole, but nothing in them shall
be construed as authorising it to disregard any enactment or
rule of law.

y Registrar
in its capacity of a corporation sole, but nothing in them shall
be construed as authorising it to disregard any enactment or
rule of law.

(5) The Treasury Registrar shall, unless the appointment is
by virtue of office, ensure that a person shall not be a member
of more than three boards of directors at the same time. (6) The Treasury Registrar may, where a Chief Executive or
the Chairman of Board or Management Committee, without
any reasonable excuse-
(a) fails to comply with the requirements under subsection
(3) within the specified time; or
(b) furnishes with the Treasury Registrar false or misleading
information,
recommend to the appointing authority of such Chief
Executive, the Chairman of Board or Management Committee
to be disqualified from holding such position. (7) The Treasury Registrar shall, before making the
recommendation pursuant to subsection (6), require such
Chief Executive, the Chairman of Board of Management
Committee, to show cause within specified period as to why
such recommendation should not be made. Cap. 257

utive, the Chairman of Board of Management
Committee, to show cause within specified period as to why
such recommendation should not be made. Cap. 257

©2025 Government of Tanzania. All rights reserved. No part of this book may be reproduced or distributed without permission of OAG.242
THE TREASURY REGISTRAR (POWERS AND FUNCTIONS) ACT [CAP. 370 R.E. 2023]
(8) Notwithstanding the provisions of any written law, a
person against whom a recommendation under this section
has been made, shall not be appointed or considered for
reappointment to run a corporation or to be the Chairman of
Board or Management Committee, for any other term. [s. 10]
12.–(1) Notwithstanding any law to the contrary, the operating
expenditure other than salaries for any public or statutory
corporation shall not exceed sixty percent of its annual gross
revenue in any financial year. (2) A public or statutory corporation shall be required
to submit seventy percent of the balance obtained after
deducting the operating expenses permissible in subsection
(1) to the Consolidated Fund in the manner to be prescribed
in regulations. [s. 10A]
13.

er
deducting the operating expenses permissible in subsection
(1) to the Consolidated Fund in the manner to be prescribed
in regulations. [s. 10A]
13.

The funds and resources for the Office of the Treasury
Registrar shall consist of monies-
(a) appropriated by the Parliament for the purpose of the
Office of the Treasury Registrar;
(b) earned in connection with services rendered in
accordance with this Act or any other law;
(c) which are donations or bequest and terms of which are
acceptable by the Treasury Registrar; and
(d) accruing to the Office of the Treasury Registrar from
any other source other than monies from government
investment. [s. 11A]
14.–(1) The Treasury Registrar shall prepare in respect of each
year terminating on the thirtieth day of June a statement of
account in a form approved by the Minister. (2) A statement of account prepared under this section
shall be audited by the Controller and Auditor-General or an
officer of the Audit Department appointed by him, and the
Operating
expenditure
ceiling
Acts Nos. 15 of 2015 s. 46
8 of 2020 s. 74
Funds of Office
of Treasury
Registrar
Act No. 11 of 2010 s. 38
Accounts

d the
Operating
expenditure
ceiling
Acts Nos. 15 of 2015 s. 46
8 of 2020 s. 74
Funds of Office
of Treasury
Registrar
Act No. 11 of 2010 s. 38
Accounts

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THE TREASURY REGISTRAR (POWERS AND FUNCTIONS) ACT [CAP. 370 R.E. 2023]
auditor shall make a report to the Minister upon the accounts
examined by him. (3) The Minister shall lay a copy of the audited accounts and
of the auditor’s report before the National Assembly. [s. 12]
15.–(1) Upon the coming into operation of this Act the
Minister may-
(a) direct any person who, or any authority which, holds
securities on behalf of the Minister or the Government,
to transfer the same to the Treasury Registrar;
(b) give directions for the transfer into the name of the
Treasury Registrar of investments registered in the
name of the Government; and
(c) give directions as to the persons who are to execute any
transfer. (2) Where the Minister gives any directions under
subsection (1)(a), the person or authority to whom they are
given shall give effect to them.

ansfer. (2) Where the Minister gives any directions under
subsection (1)(a), the person or authority to whom they are
given shall give effect to them.

(3) Where the Minister gives any directions under subsection
(1)(c) to a person to execute a transfer of investments then,
where those investments are registered in the books of any
company or other corporate body in the official name or title
(whether or not in current use) of an officer of the Government,
the company or corporate body, as the case may be, shall,
notwithstanding that the person executing the transfer is not
the person in whose official name or title the investments are
registered, give effect to the transfer as if it were executed by
the person in whose name such investments are registered. [s. 13]
Transfer of
investments

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