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South Africa
NATIONAL LEGISLATION OVERVIEWS
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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

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

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