Social Assistance Act, 2004 (Act No. 13 of 2004)

Regulations

Regulations relating to the Application for and Payment of Social Assistance and the Requirements or Conditions in respect of Eligibility for Social Assistance

Chapter 6 : Special Conditions for Continuation of Payment of Social Assistance

33. Information to be furnished to Agency by financial institution
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A financial institution must, at the request of the Agency, furnish the Agency with the following information:

 

(a) Cash investments, bonds or loans or any outstanding debts in favour of the applicant or his or her spouse;

 

(b) any interest in shares, share capital or assets of a company or other institution;

 

(c) any endowment policies after maturity date and cash on hand or in any account with a financial institution;

 

(d) any property rights held by the applicant or his or her spouse; and

 

(e)any lump sum investment by the applicant or his or her spouse in a company or financial institution with the aim of procuring an annuity.