- Flynote
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Whether regulation promulgated by Minister, in terms of which a board
of a pension fund is obliged to place calculable enhancements due to former members who cannot be traced in a contingency reserve fund from which it cannot be released, except as payment to such members or as a result of crediting the Guardian’s Fund or some other fund, is beyond the Minister’s power and not in accordance with the Pension Funds Act 24 of 1956 – Minister arrogating power at odds with the Act – against the principle of legality.
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Cited documents 11
Legislation 8
1. | Promotion of Administrative Justice Act, 2000 | 2176 citations |
2. | Pension Funds Act, 1956 | 1508 citations |
3. | Financial Services Board Act, 1990 | 207 citations |
4. | Financial Sector Regulation Act, 2017 | 117 citations |
5. | Financial Services Laws General Amendment Act, 2013 | 20 citations |
6. | Pension Funds Second Amendment Act, 2001 | 12 citations |
7. | Financial Services Laws General Amendment Act, 2008 | 11 citations |
8. | Pension Funds Amendment Act, 2007 | 11 citations |