Pension Funds Act, 1956 (Act No. 24 of 1956)Chapter VI : General and Miscellaneous40A. Delegation and assignment |
| (1) | The Minister may, in writing, delegate a power or assign a duty to any official in the National Treasury. |
| (2) | The Minister must regularly review and, if necessary, amend or withdraw a delegation made under subsection (1). |
| (3) | A delegation or assignment to an official contemplated in subsection (1)— |
| (a) | is subject to such limitations and conditions as the Minister may impose; and |
| (b) | does not divest the Minister of the responsibility concerning the exercise of the delegated power or the performance of the assigned duty. |
| (4) | The Minister may confirm, vary or revoke any decision taken by an official as a result of a delegation in terms of this section subject to any rights that may have vested as a consequence of the decision. |