Post and Telecommunication-related Matters Act, 1958 (Act No. 44 of 1958)

Chapter IB : Staff and Pension Matters

10D. Registration of pension funds

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(1)The Registrar of Pension Funds may at the request of the postal pension fund or the telecommunications pension fund register the pension fund concerned in terms of section 4 of the Pension Funds Act, 1956 (Act No. 24 of 1956), and may, for the purposes of such request, regard such pension fund as a ‘pension fund organization’ as defined in section 1 of the said Act.

 

(2)From the date of such registration—
(a)the whole of the Pension Funds Act, 1956, shall apply to the pension fund concerned;
(b)the provisions of sections 10, 10A (1), (2), (3) and (4), 10B and 10C of this Act shall cease to apply to the pension fund concerned; and
(c)the pension fund concerned shall, for the purposes of the Income Tax Act, 1962 (Act No. 58 of 1962), not be regarded as a pension fund as defined in paragraph (a) of the definition of ‘pension fund’ in section 1 of the said Act.

 

[Section 10D inserted by section 7 of Act No. 85 of 1991]