Financial Matters Amendment Act
This section amends section 1 of the 1963 Associated Institutions Pension Fund Act by updating two definitions.
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- Act 9 of 2023
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About this statute
This section amends section 1 of the 1963 Associated Institutions Pension Fund Act by updating two definitions. This provision amends two definitions in the Act: it adds a definition for “Direkteur-general” and replaces the definition of “Minister.” This section amends section 2 by adding a definition of “National Treasury” and deleting the definition of “Secretary”. This provision amends section 2 so the Minister may make regulations, including rules about cession of assurance policies and related conditions. Certain amounts owed by a member at retirement or discharge may be deducted from their fund benefit, and the Director-General may तय determine the instalments.
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Provisions of Financial Matters Amendment Act
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Section 1 of the Associated Institutions Pension Fund Act, 1963, is hereby
AI-assisted research summary: This section amends section 1 of the 1963 Associated Institutions Pension Fund Act by updating two definitions.
1. Section 1 of the Associated Institutions Pension Fund Act, 1963, is hereby 5 amended— (a) by the insertion after the definition of ‘‘council’’ of the following definition: the National ‘‘ ‘Director-General’ means the Director-General of Treasury;’’; (b) by the substitution for the definition of ‘‘Minister’’ of the following definition: ‘‘ ‘Minister’ means the Minister [of Social Welfare and Pensions] responsible for finance;’’; 10 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Finansiele Aangeleenthede, 2023 STAATSKOERANT, 7 JuliE 2023 No. 48917 3 Wet no. 09 van 2023 ALGEMENE VERDUIDELIKENDE NOTA: 3 [ ] Woorde in vet druk in vierkantige hake dui uitlatings uit bestaande verordeninge aan. Woorde met ’n volstreep daaronder dui invoegings in bestaande verordeninge aan. (Engelse teks deur die President geteken) (Goedgekeur op 5 Julie 2023) WET Tot wysiging van— ● Die Wet op die Pensioenfonds vir Geassosieerde Inrigtings, 1963, en die Wet op die Pensioenfonds vir Tydelike Werknemers, 1979, ten einde sekere omskrywings en ander bepalings in ooreenstemming te bring tussen hierdie Wette en hul administrasie deur die Minister verantwoordelik vir finansies en om verwysings na ander Ministers by te werk; ● die Wet op Militêre Pensioene, 1976, ten einde terugwerkend voorsiening te maak vir die voordele van lewensmaats van lede; ● die ‘‘Government Employees Pension Law, 1996’’, ten einde die ‘‘Associated Institutions Pension Fund’’ met die ‘‘Government Employees Pension Fund’’ saam te smelt; ● die Wet op die Land- en Landbouontwikkelingsbank, 2002, ten einde die omskrywing van Minister te vervang en die bepaling vir geregtelike bestuur met ondernemingsredding ingevolge die Maatskappywet, 2008, te vervang; ● die ‘‘Auditing Profession Act, 2005’’, ten einde die afdwingingskomitee, by skulderkenning, in staat te stel om gevalle van ernstige onbehoorlike gedrag by die dissiplinêre komitee aan te meld vir strafoplegging; en om voorsiening te maak vir aangeleenthede wat daarmee in verband staan. DAAR WORD BEPAAL deur die Parlement van die Republiek van Suid-Afrika, soos volg:— Wysiging van artikel 1 van Wet 41 van 1963, soos gewysig deur artikel 18 van Wet 50 van 1973, artikel 1 van Wet 40 van 1978 en artikel 19 van Wet 17 van 2008 - 1 Verify source ↗
Artikel 1 van die Wet op die Pensioenfonds vir Geassosieerde Inrigtings, 1963,
AI-assisted research summary: This provision amends two definitions in the Act: it adds a definition for “Direkteur-general” and replaces the definition of “Minister.”
1. Artikel 1 van die Wet op die Pensioenfonds vir Geassosieerde Inrigtings, 1963, 5 word hierby gewysig— (a) deur die volgende omskrywing na die omskrywing van ‘‘die voorsorgfonds vir universiteitsinrigtings’’ in te voeg: ‘‘ ‘Direkteur-general’ die Direkteur-generaal van die Nasionale Tesourie;’’; 10 (b) deur die omskrywing van ‘‘Minister’’ deur die volgende omskrywing te vervang: ‘‘ ‘Minister’ die Minister [van Volkswelsyn en Pensioene] verant- woordelik vir finansies;’’; This gazette is also available free online at www.gpwonline.co.za - 4 Verify source ↗
No. 48917
AI-assisted research summary: This section amends section 2 by adding a definition of “National Treasury” and deleting the definition of “Secretary”.
4 No. 48917 GOVERNMENT GAZETTE, 7 July 2023 Act no. 09 of 2023 Financial Matters Amendment Act, 2023 4 (c) by the insertion after the definition of ‘‘Minister’’ of the following definition: ‘‘ ‘National Treasury’ means the National Treasury established by section 5 of the Public Finance Management Act, 1999 (Act No. 1 of 1999);’’; and (d) by the deletion of the definition of ‘‘Secretary’’. Amendment of section 2 of Act 41 of 1963, as amended by section 1 of Act 86 of 1970, section 2 of Act 97 of 1972, section 1 of Act 97 of 1980, section 1 of Act 106 of 1986, section 1 of Act 89 of 1988 and section 1 of Act 117 of 1990 - 2 Verify source ↗
Section 2 of the Associated Institutions Pension Fund Act, 1963, is hereby
AI-assisted research summary: This provision amends section 2 so the Minister may make regulations, including rules about cession of assurance policies and related conditions.
2. Section 2 of the Associated Institutions Pension Fund Act, 1963, is hereby amended— (a) by the substitution in subsection (1) for the words preceding paragraph (a) of the following words: ‘‘Notwithstanding anything to the contrary in any other law contained, the Minister may from time to time, [with the concurrence of the Minister of Finance and] after consultation with the Minister [of National Education] responsible for higher education and training, make regulations providing—’’; and (b) by the substitution in subsection (2) for paragraph (g) of the following paragraph: ‘‘(g) provide for the cession to the [Secretary] Director-General on behalf of the fund of any policy of assurance which formed part of the provision made for a member of the technical colleges provident fund or the university institutions provident fund in terms of the regulations governing such fund, if such member elects in terms of the regulations to become a member of and contribute to the fund, and prescribe the conditions subject to which such cession shall take place;’’. 5 10 15 20 25 Amendment of section 3bis of Act 41 of 1963, as inserted by section 27 of Act 84 of 1964 and amended by section 23 of Act 29 of 1979 - 3 Verify source ↗
Section 3bis of the Associated Institutions Pension Fund Act, 1963, is hereby
AI-assisted research summary: Certain amounts owed by a member at retirement or discharge may be deducted from their fund benefit, and the Director-General may तय determine the instalments.
3. Section 3bis of the Associated Institutions Pension Fund Act, 1963, is hereby 30 amended by the substitution for subsection (2) of the following subsection: ‘‘(2) [Notwitstanding] Notwithstanding anything contained [in subsection (1) or] in any other law— (a) any amount which is payable by a member of the fund, at the date of his retirement or discharge— to the Government; or to the council in whose service he is at that date; or (b) any amount which the Government or such council is liable to pay in respect (i) (ii) of such member at that date, may be deducted from any benefit payable from the fund to the said member in a lump sum or in such instalments as the [Secretary] Director-General may determine.’’. 35 40 Amendment of section 4 of Act 41 of 1963, as amended by section 15 of Act 91 of 1967 and section 2 of Act 40 of 1978 - 4 Verify source ↗
Section 4 of the Associated Institutions Pension Fund Act, 1963, is hereby amended
AI-assisted research summary: The Minister may, after consulting the Minister of Finance, declare an institution, organization, body, or company to be an associated institution by notice in the Gazette.
4. Section 4 of the Associated Institutions Pension Fund Act, 1963, is hereby amended 45 by the substitution for subsection (1) of the following subsection: ‘‘(1) The Minister may, [after consultation with the Minister of Finance,] by notice in the Gazette, declare any institution, organization or body established by or under any law, including any company incorporated in terms of the laws relating to companies, which is not an associated institution, to be such an institution as from a date specified in such notice.’’. 50 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Finansiele Aangeleenthede, 2023 STAATSKOERANT, 7 JuliE 2023 No. 48917 5 Wet no. 09 van 2023 5 (c) deur die volgende omskrywing na die omskrywing van ‘‘Minister’’ in te voeg: ‘‘ ‘Nasionale Tesourie’ die Nasionale Tesourie ingestel by artikel 5 van die Wet op Openbare Finansiële Bestuur, 1999 (Wet No. 1 van 1999);’’; en (d) deur die omskrywing van ‘‘Sekretaris’’ te skrap. 5 Wysiging van artikel 2 van Wet 41 van 1963, soos gewysig deur artikel 1 van Wet 86 van 1970, artikel 2 van Wet 97 van 1972, artikel 1 van Wet 97 van 1980, artikel 1 van Wet 106 van 1986, artikel 1 van Wet 89 van 1988 en artikel 1 van Wet 117 van 1990 - 2 Verify source ↗
Artikel 2 van die Wet op die Pensioenfonds vir Geassosieerde Inrigtings, 1963,
AI-assisted research summary: The Minister may make regulations, subject to the stated consultation requirement and any bracketed finance-minister assent language in the replacement text.
2. Artikel 2 van die Wet op die Pensioenfonds vir Geassosieerde Inrigtings, 1963, 10 word hierby gewysig— (a) deur in subartikel (1) die woorde wat paragraaf (a) voorafgaan deur die volgende woorde te vervang: ‘‘Ondanks andersluidende wetsbepalings kan die Minister van tyd tot tyd, [met die instemming van die Minister van Finansies en] na oorleg met die Minister [van Nasionale Opvoeding] verantwoordelik vir hoër onderwys en opleiding, regulasies uitvaardig wat voorsiening maak—’’; en (b) deur in subartikel (2) paragraaf (g) deur die volgende paragraaf te vervang: ‘‘(g) voorsiening maak vir die sessie aan die [Sekretaris] Direkteur- generaal ten bate van die fonds van enige assuransiepolis wat ingevolge die regulasies wat die voorsorgfonds vir tegniese kolleges of die voorsorgfonds vir universiteitsinrigtings beheer, deel uitgemaak het van die voorsorg getref vir ’n lid van bedoelde fonds, indien sodanige lid ingevolge die regulasies kies om ’n lid van die fonds te word en daartoe by te dra, en die voorwaardes voorskryf waarop sodanige sessie moet geskied;’’. 15 20 25 Wysiging van artikel 3bis van Wet 41 van 1963, soos ingevoeg deur artikel 27 van Wet 84 van 1964 en gewysig deur artikel 23 van Wet 29 van 1979 - 3 Verify source ↗
Artikel 3bis van die Wet op die Pensioenfonds vir Geassosieerde Inrigtings, 1963,
AI-assisted research summary: The provision allows certain amounts linked to a fund member’s retirement or dismissal to be deducted from benefits payable from the fund.
3. Artikel 3bis van die Wet op die Pensioenfonds vir Geassosieerde Inrigtings, 1963, 30 word hierby gewysig deur subartikel (2) deur die volgende subartikel te vervang: ‘‘(2) Ondanks die bepalings van [subartikel (1) of] enige ander wet, kan— (a) ’n bedrag wat op die datum van sy of haar uitdienstreding of ontslag deur ’n lid van die fonds betaalbaar is— (i) (ii) aan die Regering; of aan die raad in wie se diens hy op daardie datum is; of ’n bedrag wat die Regering of bedoelde raad op daardie datum onder verpligting is om ten opsigte van sodanige lid te betaal, (b) in ’n enkele bedrag of in die paaiemente wat die [Sekretaris] Direkteur-generaal bepaal, afgetrek word van enige voordeel wat uit die fonds aan bedoelde lid betaalbaar is.’’. 35 40 Wysiging van artikel 4 van Wet 41 van 1963, soos gewysig deur artikel 15 van Wet 91 van 1967 en artikel 2 van Wet 40 van 1978 - 4 Verify source ↗
Artikel 4 van die Wet op die Pensioenfonds vir Geassosieerde Inrigtings, 1963,
AI-assisted research summary: The Minister may, after consulting the Minister of Finance, declare certain non-associated institutions, organisations, bodies, or companies to be an institution by notice in the Gazette.
4. Artikel 4 van die Wet op die Pensioenfonds vir Geassosieerde Inrigtings, 1963, word hierby gewysig deur subartikel (1) deur die volgende subartikel te vervang: 45 ‘‘(1) Die Minister kan[, na oorlegpleging met die Minister van Finansies,] enige inrigting, organisasie of liggaam wat deur of kragtens die een of ander wetsbepaling ingestel is, met inbegrip van ’n maatskappy wat ingevolge die wetsbepalings betreffende maatskappye ingelyf is, en wat nie ’n geassosieerde inrigting is nie, by kennisgewing in die Staatskoerant vanaf ’n in daardie kennisgewing bepaalde datum, tot so ’n inrigting verklaar.’’. 50 This gazette is also available free online at www.gpwonline.co.za - 6 Verify source ↗
No. 48917
AI-assisted research summary: 6 No. 48917 GOVERNMENT GAZETTE, 7 July 2023 Act no. 09 of 2023 Financial Matters Amendment Act, 2023 6 Substitution of section 6A of Act 41 of 1963, as amended by section 2 of Act 86 of 1970
6 No. 48917 GOVERNMENT GAZETTE, 7 July 2023 Act no. 09 of 2023 Financial Matters Amendment Act, 2023 6 Substitution of section 6A of Act 41 of 1963, as amended by section 2 of Act 86 of 1970 - 5 Verify source ↗
The following section is hereby substituted for section 6A of the Associated
AI-assisted research summary: The Minister and the Director-General may delegate certain powers in writing, subject to stated limits.
5. The following section is hereby substituted for section 6A of the Associated Institutions Pension Fund Act, 1963: ‘‘Delegation 6A. (1) (a) The Minister may, in writing, delegate any of the powers conferred on him or her by this Act (other than the powers conferred on him by sections 2 and 4) to the [Secretary] Director-General or any other officer of the [Department of Social Welfare and Pensions] National Treasury and may authorize the [Secretary] Director-General or such other officer to perform any of the functions or duties thus entrusted to or imposed on the Minister. (b) A delegation in terms of paragraph (a) to the Director-General or an officer of the National Treasury— (i) is subject to any limitations or conditions that the Minister may impose; (ii) may authorize the Director-General or officer to sub-delegate, in writing, the delegated power, function or duty, to any other officer of the National Treasury; and (iii) does not divest the Minister of the responsibility concerning the exercise of the delegated power or the performance of the function or duty. (c) The Minister may vary or revoke any decision taken by an official as a result of a delegation, subject to any rights that may have vested as a consequence of the decision. (2) The [Secretary] Director-General may[, with the approval of the Minister,] delegate to any officer [in his Department] of the National Treasury any of the powers conferred on him by this Act and may authorize any such officer to perform any of the functions or duties thus entrusted to or imposed on the [Secretary] Director-General, provided that subsection (1)(b) and (c) also apply with the necessary changes in respect of a delegation under this subsection.’’. 5 10 15 20 25 30 Amendment of section 21 of Act 84 of 1976, as amended by section 10 of Act 26 of 1977 and section 13 of Act 97 of 1980 - 6 Verify source ↗
Section 21 of the Military Pensions Act, 1976, is hereby amended by the addition
AI-assisted research summary: This section lets certain qualifying members register and submit claims within 12 months after the effective date of the Financial Matters Amendment Act, 2022, and it deems part of a 2019 amendment to have come into operation on 27 April 1994.
6. Section 21 of the Military Pensions Act, 1976, is hereby amended by the addition 35 of the following subsection: ‘‘(3)(a) The amendment of this Act by sections 2 to 9 of the Financial Matters Amendment Act, 2019 (Act No. 18 of 2019), insofar as it provides for a life partner of a member, is deemed to have come into operation on 27 April 1994. (b) Any member with a spouse or a deceased spouse or the spouse of a deceased member who, by virtue of paragraph (a), qualifies for a pension, gratuity or allowance in terms of this Act may, within 12 months from the effective date of the Financial Matters Amendment Act, 2022— (i) (ii) register in terms of section 4B of this Act; and submit claims for the period 27 April 1994 up to the date immediately before the effective date of the Financial Matters Amendment Act, 2019.’’. 40 45 Amendment of section 1 of Act 75 of 1979 - 7 Verify source ↗
Section 1 of the Temporary Employees Pension Fund Act, 1979, is hereby
AI-assisted research summary: This provision amends section 1 of the Temporary Employees Pension Fund Act, 1979 by adding a definition for “Director-General.”
7. Section 1 of the Temporary Employees Pension Fund Act, 1979, is hereby amended— (a) by the insertion after the definition of ‘‘benefit’’ of the following definition: the National ‘‘ ‘Director-General’ means the Director-General of Treasury;’’; 50 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Finansiele Aangeleenthede, 2023 STAATSKOERANT, 7 JuliE 2023 No. 48917 7 Wet no. 09 van 2023 7 Vervanging van artikel 6A van Wet 41 van 1963, soos gewysig deur artikel 2 van Wet 86 van 1970 - 5 Verify source ↗
Artikel 6A van die Wet op die Pensioenfonds vir Geassosieerde Inrigtings, 1963,
AI-assisted research summary: The Minister may delegate certain powers in writing, except powers under sections 2 and 4, and may authorize performance of related functions or duties; the Director-General may also delegate with the Minister’s approval.
5. Artikel 6A van die Wet op die Pensioenfonds vir Geassosieerde Inrigtings, 1963, word hierby deur die volgende artikel vervang: ‘‘Delegering 6A. (1) (a) Die Minister kan enige van die bevoegdhede wat by hierdie Wet aan hom of haar verleen word (behalwe die bevoegdhede wat by artikels 2 en 4 aan hom of haar verleen word), skriftelik delegeer aan die die of [Sekretaris] Direkteur-generaal [Departement van Volkswelsyn en Pensioene] Nasionale Tesourie, en kan aan die [Sekretaris] Direkteur-generaal of sodanige beampte magtiging verleen om enige van die funksies of pligte uit te voer wat aldus aan die Minister toevertrou of opgelê word. beampte ander van ’n (b) ’n Delegering ingevolge paragraaf (a) aan die Direkteur-generaal of ’n beampte van die Nasionale Tesourie— (i) is onderhewig aan enige beperkings of voorwaardes wat die Minister kan oplê; (ii) kan die Direkteur-generaal of beampte magtig om, skriftelik, die gedelegeerde bevoegdheid, funksie of plig, aan enige ander beampte van die Nasionale Tesourie te subdelegeer; en (iii) ontneem nie die Minister van die verantwoordelikheid rakende die uitoefening van die gedelegeerde bevoegdheid of die verrigting van die werksaamheid of plig nie. (c) Die Minister kan enige besluit wat na aanleiding van ’n delegering deur ’n beampte geneem is, verander of herroep, behoudens enige regte wat as gevolg van die besluit gevestig is. (2) Die [Sekretaris] Direkteur-generaal kan[, met goedkeuring van die Minister] enige van die bevoegdhede wat by hierdie Wet aan hom of haar verleen word, aan ’n beampte van [sy Departement] die Nasionale Tesourie delegeer, en kan aan sodanige beampte magtiging verleen om enige van die funksies of pligte uit te voer wat aldus aan die [Sekretaris] Direkteur-generaal toevertrou of opgelê word, met dien verstande dat subartikel (1)(b) en (c) ook met die nodige veranderinge van toepassing is ten opsigte van ’n delegering kragtens hierdie subartikel.’’. 5 10 15 20 25 30 Wysiging van artikel 21 van Wet 84 van 1976, soos gewysig deur artikel 10 van Wet 26 van 1977 en artikel 13 van Wet 97 van 1980 35 - 6 Verify source ↗
Artikel 21 van die Wet op Militêre Pensioene, 1976, word hierby gewysig deur die
AI-assisted research summary: The provision gives certain eligible members a 12-month window to register and file claims.
6. Artikel 21 van die Wet op Militêre Pensioene, 1976, word hierby gewysig deur die volgende subartikel by te voeg: ‘‘(3) (a) Die wysiging van hierdie Wet deur artikels 2 tot 9 van die Wysigingswet op Finansiële Aangeleenthede, 2019 (Wet No. 18 van 2019), vir sover dit vir ’n lewensmaat van ’n lid voorsiening maak, word geag op 27 April 1994 in werking te getree het. (b) Enige lid met ’n gade of ’n oorlede gade of die gade van ’n oorlede lid wat uit hoofde van paragraaf (a), vir ’n pensioen, gratifikasie of toelaag ingevolge hierdie Wet kwalifiseer kan, binne 12 maande vanaf die inwerkingtredingsdatum van die Wysigingswet op Finansiële Aangeleenthede, 2022— (i) (ii) ingevolge artikel 4B van hierdie Wet registreer; en eise indien vir die tydperk 27 April 1994 tot en met die datum onmiddellik voor die inwerkingtredingsdatum van die Wysigingswet op Finansiële Aangeleenthede, 2019.’’. Wysiging van artikel 1 van Wet 75 van 1979 - 7 Verify source ↗
Artikel 1 van die Wet op die Pensioenfonds vir Tydelike Werknemers, 1979, word
AI-assisted research summary: This section amends Article 1 by inserting a definition of “Direkteur-generaal” as the Director-General of the National Treasury.
7. Artikel 1 van die Wet op die Pensioenfonds vir Tydelike Werknemers, 1979, word hierby gewysig— (a) deur die volgende omskrywing na die omskrywing van ‘‘die Fonds’’ in te voeg: ‘‘ ‘Direkteur-generaal’ die Direkteur-generaal van die Nasionale Tesourie;’’; 40 45 50 55 This gazette is also available free online at www.gpwonline.co.za - 8 Verify source ↗
No. 48917
AI-assisted research summary: This provision amends definitions: it changes “Minister,” adds a definition for “National Treasury,” and removes the definitions of “Secretary” and “Treasury.”
8 No. 48917 GOVERNMENT GAZETTE, 7 July 2023 Act no. 09 of 2023 Financial Matters Amendment Act, 2023 8 (b) by the substitution for the definition of ‘‘Minister’’ of the following definition: ‘‘ ‘Minister’ means the Minister [of Social Welfare and Pensions] responsible for finance;’’; (c) by the insertion after the definition of ‘‘Minister’’ of the following definition: ‘‘ ‘National Treasury’ means the National Treasury established by section 5 of the Public Finance Management Act, 1999 (Act No. 1 of 1999);’’; and (d) by the deletion of the definitions of ‘‘Secretary’’ and ‘‘Treasury’’. 5 Amendment of section 5 of Act 75 of 1979 - 8 Verify source ↗
Section 5 of the Temporary Employees Pension Fund Act, 1979, is hereby amended
AI-assisted research summary: This section amends the Temporary Employees Pension Fund Act, 1979 by replacing paragraph (b) in subsection 2 of section 5.
8. Section 5 of the Temporary Employees Pension Fund Act, 1979, is hereby amended 10 by the substitution in subsection (2) for paragraph (b) of the following paragraph: ‘‘(b) is a member of any group or category of persons approved by the Minister [with the concurrence of the Minister of Finance] as a group or category for the purposes of membership of the Fund;’’. Substitution of section 7 of Act 75 of 1979 - 9 Verify source ↗
The following section is hereby substituted for section 7 of the Temporary
AI-assisted research summary: This section replaces section 7 and lets the Minister and the Director-General delegate certain powers, functions, and duties to National Treasury officials, with conditions and limits.
9. The following section is hereby substituted for section 7 of the Temporary Employees Pension Fund Act, 1979: ‘‘Delegation 7. (1) (a) The Minister may delegate to the [Secretary] Director-General or any officer [in the Department of Social Welfare and Pensions] of the National Treasury any of the powers conferred upon the Minister by this Act, except the power conferred by section 8, and may authorize the [Secretary] Director-General or such an officer to perform any of the functions or to carry out any of the duties which are assigned to or imposed upon the Minister by this Act. (b) A delegation in terms of paragraph (a) to the Director-General or an officer of the National Treasury— (i) is subject to any limitations or conditions that the Minister may impose; (ii) may authorize the Director-General or officer to sub-delegate, in writing, the delegated power, function or duty to any other officer of the National Treasury; and (iii) does not divest the Minister of the responsibility concerning the exercise of the delegated power or the performance of the function or duty. (c) The Minister may vary or revoke any decision taken by an official as a result of a delegation, subject to any rights that may have vested as a consequence of the decision. (2) The [Secretary] Director-General may [with the approval of the Minister] delegate to any officer [in that Department] of the National Treasury any of the powers conferred upon the [Secretary] Director- General by this Act and may with such approval authorize any such officer to perform or carry out any function or duty assigned to or imposed upon the [Secretary] Director-General by this Act, provided that subsection (1)(b) and (c) also apply with the necessary changes in respect of a delegation under this subsection.’’. Amendment of section 8 of Act 75 of 1979, as amended by section 11 of Act 106 of 1986, section 19 of Act 89 of 1988 and section 35 of Act 47 of 1997 - 10 Verify source ↗
Section 8 of the Temporary Employees Pension Fund Act, 1979, is hereby
AI-assisted research summary: This section amends Section 8 of the Temporary Employees Pension Fund Act, 1979 by updating definitions.
10. Section 8 of the Temporary Employees Pension Fund Act, 1979, is hereby amended— 15 20 25 30 35 40 45 50 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Finansiele Aangeleenthede, 2023 STAATSKOERANT, 7 JuliE 2023 No. 48917 9 Wet no. 09 van 2023 9 (b) deur die omskrywing van ‘‘Minister’’ deur die volgende omskrywing te vervang: ‘‘ ‘Minister’ verantwoordelik vir finansies;’’; die Minister [van Volkswelsyn en Pensioene] (c) deur die volgende omskrywing na die omskrywing van ‘‘Minister’’ in te voeg: ‘‘ ‘Nasionale Tesourie’ die Nasionale Tesourie ingestel by artikel 5 van die Wet op Openbare Finansiële Bestuur, 1999 (Wet No. 1 van 1999);’’; en (d) deur die omskrywings van ‘‘Sekretaris’’ en ‘‘Tesourie’’ te skrap. Wysiging van artikel 5 van Wet 75 van 1979 5 10 - 8 Verify source ↗
Artikel 5 van die Wet op die Pensioenfonds vir Tydelike Werknemers, 1979, word
AI-assisted research summary: This section replaces article 5(2)(b) so that a person is a member of the Fund if they belong to a group or category approved by the Minister, with the Minister of Finance’s concurrence.
8. Artikel 5 van die Wet op die Pensioenfonds vir Tydelike Werknemers, 1979, word hierby gewysig deur in subartikel (2) paragraaf (b) deur die volgende paragraaf te vervang: ‘‘(b) ’n lid is van enige groep of kategorie persone deur die Minister [met die instemming van die Minister van Finansies] goedgekeur as ’n groep of kategorie vir die doeleindes van lidmaatskap van die Fonds;’’. 15 Vervanging van artikel 7 van Wet 75 van 1979 - 9 Verify source ↗
Artikel 7 van die Wet op die Pensioenfonds vir Tydelike Werknemers, 1979, word
AI-assisted research summary: The Minister and the Director-General may delegate certain powers and duties, with conditions and approval requirements, but the section 8 power is excluded from the Minister’s delegation power.
9. Artikel 7 van die Wet op die Pensioenfonds vir Tydelike Werknemers, 1979, word hierby deur die volgende artikel vervang: ‘‘Delegering 7. (1) (a) Die Minister kan aan die [Sekretaris] Direkteur-generaal of ’n beampte [in die Departement van Volkswelsyn en Pensioene] van die Nasionale Tesourie enige van die bevoegdhede delegeer wat by hierdie Wet aan die Minister verleen word, uitgesonderd die bevoegdheid by artikel 8 verleen, en kan die [Sekretaris] Direkteur-generaal of so ’n beampte magtig om enige van die werksaamhede te verrig of enige van die pligte uit te voer wat by hierdie Wet aan die Minister opgedra of opgelê word. (b) ’n Delegering ingevolge paragraaf (a) aan die Direkteur-generaal of ’n beampte van die Nasionale Tesourie— 20 25 (i) is onderhewig aan enige beperkings of voorwaardes wat die Minister kan oplê; 30 (ii) kan die Direkteur-generaal of beampte magtig om die gedelegeerde bevoegdheid, funksie of plig te subdelegeer aan enige ander beampte van die Nasionale Tesourie; en (iii) ontneem nie die Minister van die verantwoordelikheid aangaande die uitoefening van die gedelegeerde bevoegdheid of die verrigting van die funksie of plig nie. (c) Die Minister kan enige besluit wat as gevolg van ’n delegering deur ’n beampte geneem is, verander of herroep, behoudens enige regte wat na aanleiding van die besluit as gevolg van ’n delegering geneem is, behoudens enige regte wat as gevolg van die besluit gevestig is. (2) Die [Sekretaris] Direkteur-generaal kan [met die goedkeuring van die Minister] aan ’n beampte [in daardie Departement] van die Nasionale Tesourie enige van die bevoegdhede delegeer wat by hierdie Wet aan hom of haar verleen word, en kan met sodanige goedkeuring so ’n beampte magtig om enige werksaamheid of plig uit te voer en te verrig wat by hierdie Wet aan die [Sekretaris] Direkteur-generaal opgedra of opgelê word, met dien verstande dat subartikel (1)(b) en (c) ook met die nodige veranderinge van toepassing is ten opsigte van ’n delegering kragtens hierdie subartikel.’’. 35 40 45 50 Wysiging van artikel 8 van Wet 75 van 1979, soos gewysig deur artikel 11 van Wet 106 van 1986, artikel 19 van Wet 89 van 1988 en artikel 35 van Wet 47 van 1997 - 10 Verify source ↗
Artikel 8 van die Wet op die Pensioenfonds vir Tydelike Werknemers, 1979,
AI-assisted research summary: This provision states that Article 8 of the 1979 Pension Fund for Temporary Employees Act is being amended.
10. Artikel 8 van die Wet op die Pensioenfonds vir Tydelike Werknemers, 1979, word hierby gewysig— This gazette is also available free online at www.gpwonline.co.za - 10 Verify source ↗
No. 48917
AI-assisted research summary: The Minister may set certain annuity-related amounts by written notice, and must make regulations under this section after consulting specified Ministers.
10 No. 48917 GOVERNMENT GAZETTE, 7 July 2023 Act no. 09 of 2023 Financial Matters Amendment Act, 2023 10 (a) by the substitution in subsection (2) for paragraph (i) of the following paragraph: ‘‘(i) provide for the exercise or performance by the [Secretary, the Treasury] Director-General or the Minister responsible for [the Public Service and Administration] public service and adminis- tration, of such powers or functions as the Minister may deem necessary for the achievement of the objects of this Act.’’; (b) by the substitution for subsection (3) of the following subsection: ‘‘(3) Notwithstanding the provisions of subsections (1) and (2), the regulations made thereunder may provide that any annuity which is payable thereunder may be supplemented by an amount which the Minister may from time to time determine [in consultation with the Minister of Finance] in a written notice to the [Secretary] Director- General, or that such annuity shall in a specified case not be less than an amount so determined.’’; and (c) by the substitution for subsection (6) of the following subsection: ‘‘(6) Regulations made under this section shall be made by the Minister [with the concurrence of the Minister of Finance and] after consultation with the Ministers responsible for [the Public Service and Administration] public service and administration, [Education and] higher education and training, [Posts, Telecommunications and Broad- casting] and communications and digital technologies.’’. 5 10 15 20 Amendment of section 1 of Proclamation 21 of 1996, as amended by section 1 of Act 35 of 2003, section 1 of Act 21 of 2004, section 1 of Act 19 of 2011 and section 53 of Act 11 of 2013 25 - 11 Verify source ↗
Section 1 of the Government Employees Pension Law, 1996, is hereby amended
AI-assisted research summary: This amendment adds a new definition for “Associated Institutions Pension Fund.”
11. Section 1 of the Government Employees Pension Law, 1996, is hereby amended by the insertion after the definition of ‘‘approved retirement fund’’ of the following definition: ‘‘ ‘Associated Institutions Pension Fund’ means the fund referred to in section 2(1)(b) of the Associated Institutions Pension Fund Act, 1963 (Act No. 41 of 1963);’’. 30 Amendment of section 4 of Proclamation 21 of 1996 - 12 Verify source ↗
Section 4 of the Government Employees Pension Law, 1996, is hereby amended
AI-assisted research summary: Section 4 is amended so that certain employees and pensioners become members or pensioners of the Fund from a date set by the Minister.
12. Section 4 of the Government Employees Pension Law, 1996, is hereby amended by the substitution for subsection (4) of the following subsection: ‘‘(4) Every person who on a date determined by the Minister in terms of section 15(1) is employed in the service of the employer and who immediately before that date was a member of the Temporary Employees Pension Fund or the Associated Institutions Pension Fund, and every person who on that date is a pensioner at that fund who at the time of his or her retirement was employed in the service of the employer, shall with effect from that date be a member or pensioner, as the case may be, of the Fund.’’. Amendment of section 5 of Proclamation 21 of 1996 - 13 Verify source ↗
Section 5 of the Government Employees Pension Law, 1996, is hereby amended
AI-assisted research summary: This section amends Section 5 of the Government Employees Pension Law, 1996 by replacing paragraph (c).
13. Section 5 of the Government Employees Pension Law, 1996, is hereby amended by the substitution for paragraph (c) of the following paragraph: ‘‘(c) who is employed under a contract providing for payment of a pension or similar benefit from a source other than the Fund or a previous fund or the Temporary Employees Pension Fund or the Associated Institutions Pension Fund;’’. Substitution of section 15 of Proclamation 21 of 1996 35 40 45 - 14 Verify source ↗
The following section is hereby substituted for section 15 of the Government
AI-assisted research summary: This section replaces section 15 and lets the Minister make regulations about the pension law, with finance consent and consultation requirements.
14. The following section is hereby substituted for section 15 of the Government 50 Employees Pension Law, 1996: This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Finansiele Aangeleenthede, 2023 STAATSKOERANT, 7 JuliE 2023 No. 48917 11 Wet no. 09 van 2023 11 (a) deur in subartikel (2) paragraaf (i) deur die volgende paragraaf te vervang: ‘‘(i) voorsiening maak vir die uitoefening of verrigting deur die [Sekretaris, die Tesourie] Direkteur-generaal of die Minister verantwoordelik vir die [Staatsdiens en Administrasie] staatsdiens en administrasie van die bevoegdhede of werksaamhede wat die Minister vir die verwesenliking van die oogmerke van hierdie Wet nodig ag.’’; (b) deur subartikel (3) deur die volgende subartikel te vervang: ‘‘(3) Ondanks die bepalings van subartikels (1) en (2) kan die regulasies daarkragtens uitgevaardig bepaal dat ’n jaargeld wat daarkragtens betaalbaar is, aangevul kan word met ’n bedrag wat die Minister van tyd tot tyd [in oorleg met die Minister van Finansies] in ’n skriftelike kennisgewing aan die [Sekretaris] Direkteur-generaal bepaal, of dat sodanige jaargeld in ’n bepaalde geval nie minder as ’n aldus bepaalde bedrag mag wees nie.’’; en (c) deur subartikel (6) deur die volgende subartikel te vervang: ‘‘(6) Regulasies kragtens hierdie artikel uitgevaardig, word deur die Minister uitgevaardig [met die instemming van die Minister van Finansies] en na oorlegpleging met die Ministers verantwoordelik vir die Pos-, Telekommunikasie- en Uitsaaiwese] staatsdiens en administrasie, hoër onderwys en opleiding, en kommunikasie en digitale tegnologie.’’. en Administrasie, Onderwys [Staatsdiens en 5 10 15 20 Kuchitjiyelwa kwesigaba 1 sesiMemetelo 21 sa-1996, njengoba kuchitjiyelwe esigabeni 1 seMtsetfo 35 wa-2003, sigaba 1 seMtsetfo 21 wa-2004, sigaba 1 seMtsetfo 19 wa-2011 kanye nesigaba 53 seMtsetfo 11 wa-2013. 25 - 11 Verify source ↗
Sigaba
AI-assisted research summary: This provision amends a definition in section 11 by adding a new definition for “Sikhwama Sempesheni Yetikhungo Letihlangene.”
11. Sigaba 1996, siyachitjiyelwa ngekufakwa ngemva kwenchazelo ‘‘yesikhwama semhlalaphansi lesigunyatiwe’’ sale nchazelo lelandzelako: seMtsetfo Wetimpesheni Tetisebenti Tahulumende, 1 ‘‘ ‘Sikhwama Sempesheni Yetikhungo Letihlangene’ kushiwo sikhwama lokukhulunywa ngaso esigabeni 2(1)(b) seMtsetfo Wesikhwama Sempesheni Yetikhungo Letihlangene, 1963 (uMtsetfo No. 41 wa-1963);’’. 30 Kuchitjiyelwa kwesigaba 4 sesiMemetelo 21 sa-1996 - 12 Verify source ↗
Sigaba 4 seMtsetfo Wetimpesheni Tebasebenti Bahulumende, 1996, ngaloku
AI-assisted research summary: This section replaces subsection (4) and says certain existing pension fund members or pensioners will, from the specified date, become members or pensioners of this fund.
12. Sigaba 4 seMtsetfo Wetimpesheni Tebasebenti Bahulumende, 1996, ngaloku kuchitjiyelwa esikhundleni sesigatjana (4) salesi sigatjana lesilandzelako: locashwe emsebentini wemcashi ‘‘(4) Wonkhe umuntfu lokwatsi ngelusuku loluncunywe iNdvuna ngekwesigaba futsi ngaphambi kwalelo lusuku 15(1) lowayelilunga leSikhwama Sempesheni Yabasebenti Besikhashana noma Sikhwama Sempesheni Yetikhungo Letihlangene, futsi umuntfu lokuyotsi ngalelo lusuku abe lohola impesheni kuleso sikhwama ngesikhatsi atsatsa umhlalaphansi acashwe ngumcashi, kusukela ngalelo lusuku uyoba lilunga noma lohola impesheni, njengoba kungaba njalo, lalesiKhwama.’’. Kuchitjiyelwa kwesigaba 5 sesiMemetelo 21 sa-1996 - 13 Verify source ↗
Sigaba 5 seMtsetfo Wetimpesheni Tebasebenti Bahulumende, 1996, ngaloku
AI-assisted research summary: This provision amends section 5 of the 1996 pension law by replacing paragraph (c).
13. Sigaba 5 seMtsetfo Wetimpesheni Tebasebenti Bahulumende, 1996, ngaloku kuchitjiyelwa ngekufaka esikhundleni sendzima (c) yale ndzima lelandzelako: ‘‘(c) locashwe ngaphansi kwenkontileka leniketa kukhokhelwa kwempesheni noma inzuzo lefanako emtfonjeni longasiso ngesona siKhwama noma sikhwama sangaphambilini noma Sikhwama Sempesheni Yebasebenti Besikhashana noma Sikhwama Sempesheni Yetikhungo Letihlangene;’’. Kufakwa esikhundleni kwesigaba 15 sesiMemetelo 21 sa-1996 35 40 45 - 14 Verify source ↗
Lesi sigaba lesilandzelako sitjintjwa esikhundleni sesigaba 15 seMtsetfo
AI-assisted research summary: This provision says the following section replaces section 15 of Act 50 of 1996.
14. Lesi sigaba lesilandzelako sitjintjwa esikhundleni sesigaba 15 seMtsetfo 50 Wetimpesheni Tebasebenti Bahulumende, 1996: This gazette is also available free online at www.gpwonline.co.za - 12 Verify source ↗
No. 48917
AI-assisted research summary: Certain pension fund members and pensioners must move into the Fund on a date set by the Minister, and the two pension funds must pay a calculated amount plus interest to the Fund.
12 No. 48917 GOVERNMENT GAZETTE, 7 July 2023 Act no. 09 of 2023 Financial Matters Amendment Act, 2023 12 ‘‘Transfer to Fund of [certain] members and pensioners of [the] Temporary Employees Pension Fund and Associated Institutions Pension Fund 15. (1) All members and pensioners of the Temporary Employees Pension Fund and the Associated Institutions Pension Fund who are employed in the service of the employer and all pensioners of that Fund who at the time of their retirement were employed in such service shall with effect from a date determined by the Minister become members or pensioners of the Fund. (2) The Temporary Employees Pension Fund and the Associated Institutions Pension Fund shall, in respect of members and pensioners of that Fund who in terms of subsection (1) become members and pensioners of the Fund, pay to the Fund an amount, whether in cash or in specie, equal to the funding percentage of that fund multiplied by the actuarial obligation of that fund in respect of such members or pensioners on the date determined in terms of subsection (1) in respect of them, plus interest thereon calculated at the bank rate from that date until the date on which the amount is paid to the fund. (3) For purposes of this section— (a) (b) (c) ‘actuarial obligation’ means the obligation of the Temporary Employ- ees Pension Fund and the Associated Institutions Pension Fund in respect of the members or pensioners concerned on the date determined in terms of subsection (1), as calculated by an actuary; ‘bank rate’ means the rate determined from time to time in terms of section 10(2) of the South African Reserve Bank Act, 1989 (Act No. 90 of 1989); and ‘funding percentage’ means the market value of the net assets of the Temporary Employees Pension Fund and the Associated Institutions Pension Fund as on the date determined in terms of subsection (1), expressed as a percentage of the calculated aggregate actuarial obligation.’’. 5 10 15 20 25 30 Substitution of section 16 of Proclamation 21 of 1996 - 15 Verify source ↗
The following section is hereby substituted for section 16 of the Government
AI-assisted research summary: This section substitutes a new rule about certain persons being released from, and forfeiting, some obligations, rights, and privileges when they become members of the Fund.
15. The following section is hereby substituted for section 16 of the Government Employees Pension Law, 1996: ‘‘Certain persons to be released from, and to forfeit certain obligations, rights and privileges when becoming members of, Fund 35 - 16 Verify source ↗
In any case where a person who is a member or pensioner of a
AI-assisted research summary: A person moving from a previous fund to the Fund generally loses rights and is released from obligations to the old fund, but must still pay any amount that was already due before the relevant date.
16. In any case where a person who is a member or pensioner of a previous fund, the Temporary Employees Pension Fund, the Associated Institutions Pension Fund or an approved retirement fund, becomes a member of the Fund in terms of section 4(3) or (4), or 15 or the rules, as the case may be, such person shall forfeit all rights and privileges in respect of, and shall be released from all obligations towards, the fund in question, except an obligation to pay to the fund in question an amount which was due immediately before the date determined by the Minister or relevant authority in terms of section 14(1) or 15(1) or the rules, as the case may be, in respect of the previous fund, the employees concerned of the Temporary Employees Pension Fund, the Associated Institutions Pension Fund or that approved retirement fund, as the case may be.’’. 40 45 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Finansiele Aangeleenthede, 2023 STAATSKOERANT, 7 JuliE 2023 No. 48917 13 Wet no. 09 van 2023 13 ‘‘Kudluliselwa nelabahola impesheni yeSikhwama Sempesheni Yebasebenti Besikhashana kanye Nesikhwama Sempesheni Yetikhungo esiKhwameni kwemalunga [latsite] 15. (1) Wonkhe emalunga kanye nalabahola impesheni ye-Sikhwama Sempesheni Yebasebenti Besikhashana kanye nesikhwama Sempesheni Yetikhungo labacashwe ensitweni yemcashi kanye nabo bonkhe labahola impesheni kuleso siKhwama lababecashwe kuleyo nsita ngesikhatsi batsatsa ngalusuku loluncunyiwe. nguNdvuna babe ngamalunga noma labahola impesheni esiKhwameni. umhlalaphansi kusebenta kusukela bayocala (2) Sikhwama nalabahola Sempesheni Yebasebenti Besikhashana kanye Sempesheni Yetikhungo Letihlangene, macondzana neSikhwama nemalunga Sikhwama impesheni kanye ngokwesigatjana (1) babe ngemalunga kanye nalabahola impesheni yesiKhwama, bakhokhele siKhwama linani lelitsile, kungaba ngukheshi noma luhlobo lolutsile, lolulingana nephesenti luluchaso lwaleso sikhwama leliphindzaphindvwe ngesibopho setibalo saleso sikhwama macondzana nalawo malunga noma labahola impesheni ngelusuku loluncunywe ngekwesigatjana (1) mayelana nabo, kanye nentalo lebalwa ngelinani lasebhange kusukela lolo suku kute kufike lusuku lapho linani lelikhokhwa ngalo esikhwameni. yaleso (3) Ngetinjongo talesi sigaba— (a) (b) (c) impesheni labatsintsekako sibopho seSikhwama ‘Sibopho semsebenti wetimali’ sichaza Sempesheni Yebasebenti Besikhashana neSikhwama kanye Sempesheni Yetikhungo Letihlangene macondzana nemalunga noma labahola loluncunywe ngelusuku ngekwesigatjana (1), njengoba kubalwe sati setibalo; ‘Lizinga lasebhange’ lisho linani lelincunywa sikhatsi nesikhatsi ngekwesigaba 10(2) seMtsetfo weliBhange Lembuso laseNingizimu Afrika, 1989 (uMtsetfo No. 90 wa-1989); futsi ‘Liphesenti leluchaso’ lisho linani lemakethe letimphahla titonkhe kanye teSikhwama njengoba nesiKhwama Sempesheni Yetikhungo Letihlangene ngelusuku lelivetwe njengeliphesenti lesibopho semsebenti wetimali lesibaliwe.’’. Sempesheni Yebasebenti Besikhashana ngekwesigatjana leluncunywe (1), 5 10 15 20 25 30 35 Kufakwa esikhundleni kwesigaba 16 sesiMemetelo 21 sa-1996 - 15 Verify source ↗
Ngako-ke lesi sigaba lesilandzelako sitjintjwa esikhundleni sesigaba 16 seMtsetfo
AI-assisted research summary: This section replaces section 16 of the 1996 Government Employees' Pension Act and says certain persons must be exempted and lose certain obligations, rights, and privileges when they become members of the Fund.
15. Ngako-ke lesi sigaba lesilandzelako sitjintjwa esikhundleni sesigaba 16 seMtsetfo Wetimpesheni Tebasebenti Bahulumende, 1996: ‘‘Bantfu labatsite lokufanele bakhululwe, futsi balahlekelwe tibopho letitsite, emalungelo kanye nemalungemvume lapho bebaba malunga, eSikhwama 40 uyolahlekelwa lowo muntfu - 16 Verify source ↗
Kunoma ngukuphi lapho umuntfu lolilunga noma lohola impesheni
AI-assisted research summary: A member or pensioner in the described pension funds is exempt from the fund-related obligations, except for paying any amount due on the required date.
16. Kunoma ngukuphi lapho umuntfu lolilunga noma lohola impesheni yesikhwama sangaphambilini, Sikhwama Sempesheni Yebasebenti Besikhashana, Sikhwama Sempesheni Yetikhungo Letihlangene noma siba lilunga lesiKhwama lesigunyatiwe, sikhwama semhlalaphansi ngekwesigaba 4(3) noma (4), noma 15 noma imitsetfo, njengoba kungaba njalo, emalungelo nemalungelomvume macondzana naso, futsi uyokhululwa kuto tonkhe tibopho macondzana nesikhwama lokukhulunywa ngaso, ngaphandle kwesibopho sekukhokhela sikhwama lokukhulunywa ngaso. linani lemali kwelusuku lobekufanele leluncunywe lesitsintsekako ngekwesigaba 14(1) noma 15(1) noma imitsetfo, njengoba kungaba njalo, mayelana labatsintsekako Sikhwama Sempesheni Yebasebenti Besikhashana, seSikhwama Sempesheni Yetikhungo Letihlangene noma sikhwama semhlalaphansi lesigunyatwe, njengoba kungaba njalo.’’. ngekushesha noma likhokhelwe nguNdvuna sangaphambilini, siphatsimandla nesikhwama ngaphambi basebenti ngiwo onkhe 45 50 55 This gazette is also available free online at www.gpwonline.co.za - 14 Verify source ↗
No. 48917
AI-assisted research summary: Section 14 is a heading indicating an amendment of section 20 of Proclamation 21 of 1996.
14 No. 48917 GOVERNMENT GAZETTE, 7 July 2023 Act no. 09 of 2023 Financial Matters Amendment Act, 2023 Amendment of section 20 of Proclamation 21 of 1996 14 - 16 Verify source ↗
Section 20 of the Government Employees Pension Law, 1996, is hereby amended
AI-assisted research summary: Section 20 is amended so that pension benefit awards, increases, changes to conditions, or condonation of breaches are not lawful unless authorized by an Act of Parliament.
16. Section 20 of the Government Employees Pension Law, 1996, is hereby amended by the substitution for subsection (1) of the following subsection: ‘‘(1) Save as is otherwise provided in this Law, no award of a benefit or any increase thereof and no alteration of any condition or condonation of a breach of any condition upon which such benefit is by law earned or to be earned in respect of a pensioner of the Fund, the Associated Institutions Pension Fund or a previous fund, shall be lawful unless the award, increase, alteration or condonation is authorized by an Act of Parliament.’’. the Temporary Employees Pension Fund, Amendment of section 30 of Proclamation 21 of 1996 - 17 Verify source ↗
Section 30 of the Government Employees Pension Law, 1996,
AI-assisted research summary: This section amends section 30 of the Government Employees Pension Law, 1996, mainly by updating the heading and extending subsection (2) to certain members of the Temporary Employees Pension Fund and Associated Institutions Pension Fund.
17. Section 30 of the Government Employees Pension Law, 1996, is hereby amended— (a) by the substitution for the heading of the following heading: ‘‘Protection of rights of members of previous funds [and], Tempo- rary Employees Pension Fund and Associated Institutions Pension Fund’’; and (b) by the substitution for subsection (2) of the following subsection: ‘‘(2) The provisions of subsection (1) shall apply mutatis mutandis to a member of the Temporary Employees Pension Fund or the Associated Institutions Pension Fund who becomes a member of the Fund in terms of section 15, and any such application references in subsection (1) to a previous fund and date determined by the Minister in terms of section 14(1) shall be construed as references to the Temporary Employees Pension Fund or the Associated Institutions Pension Fund, as the case may be, and the date determined in terms of section 15(1) respectively.’’. Amendment of section 1 of Act 15 of 2002 - 18 Verify source ↗
Section 1 of the Land and Agricultural Development Bank Act, 2002, is hereby
AI-assisted research summary: This provision changes the definition of “Minister” to mean the Minister responsible for finance.
18. Section 1 of the Land and Agricultural Development Bank Act, 2002, is hereby amended by the substitution for the definition of ‘‘Minister’’ of the following definition: ‘‘ ‘Minister’ means the Minister responsible for [agriculture] finance;’’. Substitution of section 45 of Act 15 of 2002 - 19 Verify source ↗
The following section is hereby substituted for section 45 of the Land and
AI-assisted research summary: The Bank is subject to Chapter 6 business rescue and compromise rules, but liquidation does not apply; a court may only grant a business rescue commencement order on application by the Minister or the Board.
19. The following section is hereby substituted for section 45 of the Land and Agricultural Development Bank Act, 2002: ‘‘Business rescue of Bank and compromise 45. (1) The business rescue and compromise provisions of Chapter 6 of the Companies Act, 2008 (Act No. 71 of 2008), apply to the Bank, subject to subsections (2) and (3). (2) An order of court for the commencement of business rescue proceedings in terms of section 131 of the Companies Act, 2008, in respect of the Bank, may be granted by a competent court only on application by the Minister or the Board. (3) Liquidation as envisaged in Chapter 6 of the Companies Act, 2008, does not apply to the Bank.’’. 5 10 15 20 25 30 35 40 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Finansiele Aangeleenthede, 2023 STAATSKOERANT, 7 JuliE 2023 No. 48917 15 Wet no. 09 van 2023 Kuchitjiyelwa kwesigaba 20 sesiMemetelo 21 sa-1996 15 - 16 Verify source ↗
Sigaba 20 seMtsetfo Wetimpesheni Tebasebenti Bahulumende, 1996, ngaloku
AI-assisted research summary: The provision says certain benefit awards, increases, changes, and waivers of conditions or breaches are not allowed unless authorized by an Act of Parliament, subject to any other rule in the Act.
16. Sigaba 20 seMtsetfo Wetimpesheni Tebasebenti Bahulumende, 1996, ngaloku kuchitjiyelwa ngekufaka esikhundleni sesigatjana (1) salesi sigatjana lesilandzelako: ‘‘(1) Ngaphandle kwaloku kunikwe ngalenye indlela kulo Mtsetfo, akukho umklomelo wenzuzo noma kukhushulwa kwayo futsi akukho kuguculwa kwanoma ngimuphi umbandzela noma kuvunyelwa kokwephulwa kwanoma ngimuphi umbandzela lowo mhlomulo lotfolwa ngaphansi kwawo ngekwemtsetfo noma impesheni, Sikhwama Sempesheni Yebasebenti Besikhashana, Sikhwama Sempesheni Yetikhungo Letihlangene noma semtsetfweni ngaphandle uma umklomelo, kwenyuswa, kuguculwa noma kushweletwa kugunyatwe nguMtsetfo wePhalamende.’’. longatfolwa ngumuntfu lohola sangaphambilini, kutoba sikhwama Kuchitjiyelwa kwesigaba 30 sesiMemetelo 21 sa-1996 - 17 Verify source ↗
Sigaba 30 seMtsetfo Wempesheni Yebasebenti Bahulumende, 1996,
AI-assisted research summary: This section amends section 30 by replacing the title and replacing subsection (2) with new transitional wording.
17. Sigaba 30 seMtsetfo Wempesheni Yebasebenti Bahulumende, 1996, siyachitjiyelwa— 5 10 15 (a) ngekufaka esikhundleni sihloko sesihloko lesilandzelako: ‘‘Kuvikelwa kwemalungelo emalunga etikhwama tangaphambilini [kanye], Sikhwama Sempesheni Yebasebenti Besikhashana kanye Nesikhwama Sempesheni Yetikhungo Letihlangene’’; futsi (b) ngekufaka esikhundleni sesigatjana (2) lesi sigatjana lesilandzelako: 20 ‘‘(2) Kwetfulwa kwesigatjana (1) sitosebenta ngekufaka ekhatsi tigucuko kulunga leSikhwama Sempesheni Yebasebenti Besikhashana noma Sikhwama Sempesheni Yetikhungo Letihlangene ba lilunga lesiKhwama ngekwesigaba 15, kanye nanoma ngisiphi sicelo lesinjalo sikhwama sangaphambilini kanye nelusuku lesisesigatjaneni loluncunywe kuyotsatfwa njengetinkomba teSikhwama Sempesheni Yebasebenti Besikhashana noma Sikhwama Sempesheni Yetikhungo Leihlangene, njengoba kungaba njalo, kanye nelusuku loluncunywe ngekwesigaba 15. (1) ngekulandzelana.’’. ngekwesigaba nguNdvuna 14(1) (1) 25 30 Wysiging van artikel 1 van Wet 15 van 2002 - 18 Verify source ↗
Artikel 1 van die Wet op die Land- en Landbouontwikkelingsbank, 2002, word
AI-assisted research summary: This provision changes the definition of “Minister” to mean the Minister responsible for agriculture finances.
18. Artikel 1 van die Wet op die Land- en Landbouontwikkelingsbank, 2002, word hierby gewysig deur die omskrywing van ‘‘Minister’’ deur die volgende omskrywing te vervang: ‘‘ ‘Minister’ die Minister verantwoordelik vir [landbou] finansies;’’. 35 Vervanging van artikel 45 van Wet 15 van 2002 - 19 Verify source ↗
Artikel 45 van die Wet op die Land- en Landbouontwikkelingsbank, 2002, word
AI-assisted research summary: Chapter 6 business rescue rules apply to the Bank, but liquidation under that Chapter does not. A court order starting business rescue for the Bank can only be granted on application by the Minister or the Board.
19. Artikel 45 van die Wet op die Land- en Landbouontwikkelingsbank, 2002, word hierby deur die volgende artikel vervang: ‘‘Ondernemingsredding van Bank en skikking 45. (1) Die bepalings vir ondernemingsredding en skikking van Hoofstuk 6 van die Maatskappywet, 2008 (Wet No. 71 van 2008), is behoudens subartikels (2) en (3) op die Bank van toepassing. (2) ’n Hofbevel vir die aanvang van ondernemingsreddingsprosedures ingevolge artikel 131 van die Maatskappywet, 2008, ten opsigte van die bank, kan slegs by aansoek deur die Minister of die Raad deur ’n bevoegde hof toegestaan word. (3) Likwidasie soos in Hoofstuk 6 van die Maatskappywet, 2008, beoog, 40 45 is nie op die Bank van toepassing nie.’’. This gazette is also available free online at www.gpwonline.co.za - 16 Verify source ↗
No. 48917
AI-assisted research summary: This section identifies an amendment to section 49 of Act 26 of 2005.
16 No. 48917 GOVERNMENT GAZETTE, 7 July 2023 Act no. 09 of 2023 Financial Matters Amendment Act, 2023 16 Amendment of section 49 of Act 26 of 2005, as substituted by section 17 of Act 5 of 2021 - 20 Verify source ↗
Section 49 of the Auditing Profession Act, 2005, is hereby amended—
AI-assisted research summary: The enforcement committee must send the charge sheet to the registered auditor, and if the auditor admits guilt, the committee must either handle the matter under section 51 or refer it to the disciplinary committee depending on the sanction believed to apply.
20. Section 49 of the Auditing Profession Act, 2005, is hereby amended— (a) by the substitution for subsection (2) of the following subsection: ‘‘(2) The enforcement committee must furnish a charge sheet to the registered auditor concerned by electronic means [and] or registered mail.’’; and (b) by the substitution for subsection (4) of the following subsection: ‘‘(4) If a registered auditor admits guilt to the charge— (a) (b) the registered auditor is considered to have been found guilty as charged; and the enforcement committee must, if it believes that the improper conduct of the registered auditor— (i) does not warrant a sanction contemplated in section 51B(3)(a)(iv) or (v), deal with the matter in accordance with section 51; or (ii) warrants a sanction contemplated in section 51B(3)(a)(iv) or (v), refer the matter to the disciplinary committee for a hearing on the sanction.’’. Short title and commencement 21. (1) This Act is called the Financial Matters Amendment Act, 2023. (2) This Act takes effect on a date determined by the Minister of Finance by notice in the Gazette. 5 10 15 20 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Finansiele Aangeleenthede, 2023 STAATSKOERANT, 7 JuliE 2023 No. 48917 17 Wet no. 09 van 2023 17 Phetolo ya karolo ya 49 ya Molao wa 26 wa 2005, jwalo ka ha o fetotswe ke karolo ya 17 ya Molao wa 5 wa 2021 - 20 Verify source ↗
Karolo ya 49 ya Molao wa Profeshene ya Hlahlobo ya Dibuka tsa Tjhelete, 2005,
AI-assisted research summary: The committee must give the affected registered auditor the charge list electronically or by registered mail, and if the auditor admits the charge the process continues under the stated disciplinary steps.
20. Karolo ya 49 ya Molao wa Profeshene ya Hlahlobo ya Dibuka tsa Tjhelete, 2005, e fetotswe— (a) ka ho fetola karolwana ya (2) ka karolwana e latelang: ‘‘(2) Komiti ya kenngo tshebetsong e tshwanetse ho nehelana ka lenane la qoso ho mohlahlobi wa dibuka tsa tjhelete ya ngodisitsweng ya amehang ka mokgwa wa ilektroniki [le] kapa ka lengolo le ngodisitsweng.’’; le (b) ka ho fetola karolwana ya (4) ka karolwana e latelang: ‘‘(4) E bang mohlahlobi wa dibuka tsa tjhelete ya ngodisitsweng a dumela molato oo a qoswang ka ona— (a) mohlahlobi wa dibuka tsa tjhelete ya ngodisitsweng o nkuwa a le molato jwalo ka ha a qosuwe; mme (b) komiti ya kenngo tshebetsong, e bang e dumela hore maitshwaro a sa lokang a mohlahlobi wa dibuka tsa tjhelete ya ngodisitsweng— (i) ha a lokelwa ke kotlo e hlalositsweng karolong ya 51B(3)(a)(iv) kapa (v), e tshwanetse ho lebisa ntlha ena ho ka sebetswa hanghang ho latela karolo ya 51; kapa (ii) e dumelle kotlo e hlalositsweng karolong ya 51B(3)(a)(iv) kapa (v), e lebise ntlha ena ho komiti ya kgalemelo bakeng la ho mamelwa ha kotlo.’’. 5 10 15 20 Kort titel en inwerkingtreding 21. (1) Hierdie Wet heet die Wysigingswet op Finansiële Aangeleenthede, 2023. (2) Hierdie Wet tree in werking op ’n datum deur die Minister van Finansies by 25 kennisgewing in die Staatskoerant vasgestel. This gazette is also available free online at www.gpwonline.co.za - 18 Verify source ↗
No. 48917
AI-assisted research summary: 18 No. 48917 GOVERNMENT GAZETTE, 7 July 2023 This gazette is also available free online at www.gpwonline.co.za STAATSKOERANT, 7 FEbRuARiE 2023 No. 48917 19 This gazette is also available free online at www.gpwonline.co.za
18 No. 48917 GOVERNMENT GAZETTE, 7 July 2023 This gazette is also available free online at www.gpwonline.co.za STAATSKOERANT, 7 FEbRuARiE 2023 No. 48917 19 This gazette is also available free online at www.gpwonline.co.za - 20 Verify source ↗
No. 48917
AI-assisted research summary: 20 No. 48917 GOVERNMENT GAZETTE, 7 July 2023 This gazette is also available free online at www.gpwonline.co.zaPrinted by and obtainable from the Government Printer, Bosman Street, Private Bag X85, Pretoria, 0001Contact Centre Tel: 012-748
20 No. 48917 GOVERNMENT GAZETTE, 7 July 2023 This gazette is also available free online at www.gpwonline.co.zaPrinted by and obtainable from the Government Printer, Bosman Street, Private Bag X85, Pretoria, 0001Contact Centre Tel: 012-748 6200. eMail: info.egazette@gpw.gov.zaPublications: Tel: (012) 748 6053, 748 6061, 748 6065
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