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ZAF-2001-L-61007
Breadcrumb
Title_of_text
Pension Funds Amendment Act, 2001 (No. 65 of 2001).
Main Region
First Region
Country(ies)
South Africa
Subjects (Classification)
Old-age, invalidity and survivors benefit
Adopted on (Date of text)
2001-12-06
Scope of text
National
Type of legislation (Type of text)
Law, Act
Second Region
Abstract/Citation
Amends Pension Fund Act 1956. Provides for definition of "fair value" under Section 1 of the Act. Clarifies position of registered pension fund to furnish guarantees in respect of housing loans granted to members by persons other than the fund, extends the concept of ownership, further regulates amount of loans and guarantees, extends Minister's powers to make regulations, and provides for deduction from deemed benefits in cases of default and transfers to other pension funds. Also deals with some related matters.
Amended Text region
Amended text(s)
1956-04-28 (ZAF-1956-L-38632)
Pension Funds Act, 1956. (No. 24).
Amended text(s)
1956-04-28 (ZAF-1956-L-38632)
Pension Funds Act, 1956. (No. 24).
Serial region
Serial title
Official Gazette
Date
2001-12-06
Volume
Vol. 438
Number
No. 22922
Page range
pp. 1-11