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 Expenditure80. Recognition of advances and reinstitution of existing registered mortgages |
| (1) | An educator who obtains an advance or reinstitution of existing registered mortgages (i.e. an action which does not influence the order or magnitude of his or her existing registered mortgage loan amount), even if the funds are utilised for recognised purposes, shall not come into consideration for an increased monthly allowance. |
| (2) | If an educator obtains an advance or reinstitution on his or her existing registered mortgage whether or not he or she utilises the funds for the purposes as contemplated in regulation 79(1)(a) or (b) and his or her mortgagee adjusts (lengthens) the redemption period to which the existing loan is subject, the allowance payment period remains unaltered. |