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Title_of_text

Pension Funds Amendment Act, 2001 (No. 65 of 2001).

Main Region

First Region

South Africa
Old-age, invalidity and survivors benefit
2001-12-06
National
Law, Act

Second Region

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

Serial region

    Serial title
    Official Gazette
    Date
    2001-12-06
    Volume
    Vol. 438
    Number
    No. 22922
    Page range
    pp. 1-11