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South
Africa
NATIONAL LEGISLATION OVERVIEWS
NATIONAL LEGISLATION OVERVIEWS
Pension
Funds Amendment Act, No. 11 of 2007
NOTE: Assented to and published in English, with alternative copy in Afrikaans
Long title
To amend the Pension Funds Act, 1956, so as to clarify, define or further define certain expressions, to clarify certain provisions in line with their practical application; to update references to legislation and institutions; to delete outdated provisions; to clarify the provisions on the determination and apportionment of actuarial surplus in a pension fund; to provide for the application of the said Act to certain funds; to provide for the obligations and proper conduct of an administrator of a pension fund and the sanctions for misconduct; to regulate the amalgamation or transfer of the business of a registered fund; to provide for the granting of a minimum pension increase to pensioners; to extend and clarify the provisions on deductions that may be made from pension benefits; to further define and clarify the powers and functions of the Pension Funds Adjudicator; to extend the regulatory powers of the registrar; and to provide for administrative penalties for non-compliance with the said Act; and to provide for matters connected therewith.
Table of contents
Legislation Text Access Point
NOTE: Assented to and published in English, with alternative copy in Afrikaans
Long title
To amend the Pension Funds Act, 1956, so as to clarify, define or further define certain expressions, to clarify certain provisions in line with their practical application; to update references to legislation and institutions; to delete outdated provisions; to clarify the provisions on the determination and apportionment of actuarial surplus in a pension fund; to provide for the application of the said Act to certain funds; to provide for the obligations and proper conduct of an administrator of a pension fund and the sanctions for misconduct; to regulate the amalgamation or transfer of the business of a registered fund; to provide for the granting of a minimum pension increase to pensioners; to extend and clarify the provisions on deductions that may be made from pension benefits; to further define and clarify the powers and functions of the Pension Funds Adjudicator; to extend the regulatory powers of the registrar; and to provide for administrative penalties for non-compliance with the said Act; and to provide for matters connected therewith.
Table of contents
| SECTION | TITLE |
| 1. | Amendment
of section 1 of Act 24 of 1956... |
| 2. | Substitution
of section 2 of Act 24 of 1956... |
| 3. | Amendment
of section 5 of Act 24 of 1956... |
| 4. | Amendment
of section 7D of Act 24 of 1956... |
| 5. | Amendment
of section 9 of Act 24 of 1956... |
| 6. | Amendment
of section 13A of Act 24 of 1956... |
| 7. | Amendment
of section 13B of Act 24 of 1956... |
| 8. | Substitution
of section 14 of Act 24 of 1956... |
| 9. | Amendment
of section 14A of Act 24 of 1956... |
| 10. | Substitution
of section 14B of Act 24 of 1956... |
| 11. | Substitution
of section 15B of Act 24 of 1956... |
| 12. | Amendment
of section 15E of Act 24 of 1956... |
| 13. | Amendment
of section 15F of Act 24 of 1956... |
| 14. | Amendment
of section 15K of Act 24 of 1956... |
| 15. | Amendment
of section 18 of Act 24 of 1956... |
| 16. | Substitution
of section 25 of Act 24 of 1956... |
| 17. | Substitution
of section 26 of Act 24 of 1956... |
| 18. | Amendment
of section 28 of Act 24 of 1956... |
| 19. | Amendment
of section 30A of Act 24 of 1956... |
| 20. | Substitution
for section 30C of Act 24 of 1956... |
| 21. | Amendment
of section 30I of Act 24 of 1956... |
| 22. | Substitution
of section 30P of Act 24 of 1956... |
| 23. | Insertion
of section 30Y in Act 24 of 1956 |
| 24. | Insertion
of section 33A in Act 24 of 1956 |
| 25. | Amendment
of section 36 of Act 24 of 1956... |
| 26. | Substitution
of section 37 of Act 24 of 1956... |
| 27. | Amendment
of section 37C of Act 24 of 1956... |
| 28. | Substitution
of section 37D of Act 24 of 1956... |
| 29. | Insertion
of sections 40A, 40B and 40C in Act 24 of 1956 |
| 30. | Short title and commencement |
Legislation Text Access Point
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