Employment of Educators Act, 1998 (Act No. 76 of 1998)RegulationsRegulations regarding the Terms and Conditions of Employment of EducationChapter 4 : Medical Assistance, State Housing, Subsistence Allowance, Official Journeys and Transport, House Owner Allowance, Service Bonus, Long Service Recognition and Resettlement Expenditure78. Home owners allowance payment period |
| (1) | An allowance referred to in regulation 73 shall be paid for the duration of the redemption period to which the registered mortgage in respect of which the allowance is paid, is subject. |
| (2) | If an educator— |
| (a) | on his or her appointment applies for an allowance in respect of a dwelling which he or she purchased or constructed before his or her appointment; or |
| (b) | whose allowance in respect of a dwelling was terminated for any reason, later again qualified for an allowance in respect of the same dwelling on the grounds of changes in his or her circumstances, his or her date of appointment, or the date on which he or she again qualifies for the allowance concerned, as the case may be, is his or her allowance period commencement date. The educator's allowance period expiry date is (remains) as determined in accordance with subregulation (1). |
| (3) | If an educator has more than one registered mortgage in respect of the dwelling that he or she occupies, the allowance payment period with regard to each such mortgage is as contemplated in subregulations (1) and (2). |
| (4) | If any adjustment of the redemption period (extension or reduction) to which a registered mortgage loan is subject, is made, the allowance payment period shall be adjusted accordingly. |