Section 18: Costs of management of Fund
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
18. Costs of management of Fund
(1) All costs, charges and expenses of administering the Fund, including
all the expenses incurred by the members of the Board in the discharge of
their duties and in attending meetings of the Board, shall be chargeable to
the Fund as management expenses and may be paid by the Board.
(2) A proportion of the management expenses, determined by the Board
on the advice of the actuary, shall be reimbursed to the Fund by means of a
special contribution to be made by all employers for this purpose.
(3) The special contribution under subsection (2) shall be due and
payable on the first day of each financial year of the Fund.
[S. 18 amended by s. 35 (10) (a) of Act 20 of 2001 w.e.f. 17 September 2001.]