Pension Funds Act, 1956 (Act No. 24 of 1956)Chapter V : Enquiries by Registrar, Applications to Court, Cancellation or Suspension of Registration and Dissolution of Funds28A. Remuneration of liquidator |
| (1) | The registrar by shall prescribe the services for which remuneration shall be payable to the liquidator of a fund which is terminated or dissolved voluntarily, whether wholly or in part, and prescribe the tariff of remuneration in respect of those services. |
[Section 28A(1) amended by section 38 of Act No. 45 of 2013]
| (2) | Notwithstanding subsection (1), the registrar may reduce or increase the liquidator's remuneration if satisfied on reasonable grounds that there is good reason for doing so, and the registrar may disallow the liquidator's remuneration because of any failure or delay to carry out the liquidator's duties or to carry them out properly and effectively. |