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NATIONAL LEGISLATION OVERVIEWS
NATIONAL LEGISLATION OVERVIEWS
Pension Funds Amendment Act, No.
65 of 2001
Long title
To amend the Pension Funds Act, 1956, so as to define “fair value”; to clarify the position of a registered pension fund to furnish guarantees in respect of housing loans granted to members by persons other than the fund; to extend the concept of ownership; to further regulate the amount of loans and guarantees; to extend the Minister’s powers to make regulations; to provide for the deduction from deemed benefits in cases of default and transfers to other pension funds; and to provide for matters incidental thereto.
Table of contents
Legislation Text Access Point
Long title
To amend the Pension Funds Act, 1956, so as to define “fair value”; to clarify the position of a registered pension fund to furnish guarantees in respect of housing loans granted to members by persons other than the fund; to extend the concept of ownership; to further regulate the amount of loans and guarantees; to extend the Minister’s powers to make regulations; to provide for the deduction from deemed benefits in cases of default and transfers to other pension funds; and to provide for matters incidental thereto.
Table of contents
| SECTION | TITLE |
| 1. | Amendment of section 1 of Act 24 of 1956... |
| 2. | Amendment
of section 19 of Act 24 of 1956... |
| 3. | Amendment
of section 36 of Act 24 of 1956... |
| 4. | Amendment
of section 37D of Act 24 of 1956... |
| 5. | Short title and commencement |
Legislation Text Access Point
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