Section 10: Cost of management of Fund
consolidated text (as at 2012). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
10. Cost of management of Fund
(1) All expenses incurred in the management of the Fund shall be paid
out of a management account which the Board shall make up by setting
aside such amount as may be determined by regulations made by the Minister under section 21.
(2) Where the expenses exceed the amount available under subsection (1), the balance may be made up out of—
(a) any surplus which the next actuarial valuation of the Fund may
disclose; or
(b) where the Board so decides, a special contribution to be made
by all statutory bodies in proportion to the number of associates
in service with them, in such manner as the Board may, with the
approval of the Minister, determine.
[S. 10 amended by s. 4 of Act 28 of 2001 w.e.f. 1 July 2001.]
S40 – 5 [Issue 5]
Statutory Bodies Family Protection Fund Act