| (1) | Any person who was a member of a previous fund immediately before the fixed date or was a dormant member, shall cease to be a member of such previous fund as from the fixed date or to be a dormant member, and shall, except in respect of any amount which was due by him to such previous fund immediately before the fixed date, be released from all obligations towards, and shall relinquish all rights and privileges in respect of, such previous fund and shall, except in the case of a member referred to in section 6, become a member of the fund with effect from the fixed date and shall as from the fixed date contribute to the Fund as prescribed. |
| (2) | As from the fixed date every person who is not in terms of any law liable to contribute to a pension or provident fund which is administered by or under the control of the Minister and who— |
| (a) | is in the employment of the Government or is appointed therein or transferred thereto; |
| (b) | is a member of any group or category of persons approved by the Minister as a group or category for the purposes of membership of the Fund; |
[Section 5(2)(b) substituted by section 8 of the Financial Matters Amendment Act, 2023 (Act No. 09 of 2023), Notice No. 3651, GG48917, dated 7 July 2023 - effective 14 July 2023 per Notice No. 3683, GG48962 dated 14 July 2023 (section 21(2))]]
| (c) | complies with the prescribed requirements, shall become a member of the Fund and contribute thereto. |
