Special Investigating Units and Special Tribunals Act, 1996
R 385
Estate Agency Affairs Act, 1976 (Act No. 112 of 1976)Chapter II : Estate Agents Fidelity Fund13. Payments out of fund |
| 1) | Subject to the provisions of this Chapter, there shall be paid out of the fund whenever it is required - |
| a) | the amount of all claims, including costs, allowed or established against the fund as hereinafter provided; |
| b) | any contribution in the discretion of the board in respect of any expense incurred by any claimant in establishing his claim; |
| c) | all legal, accounting and other expenses incurred in investigating and defending claims made against the fund or otherwise incurred in relation to the fund; |
| d) | all premiums payable in respect of contracts of insurance entered into by the board in terms of section 23; |
| e) | the expenses involved in the control of the fund, including remuneration and allowances to members of the board in connection with the management of the fund; |
| f) | interest on and redemption of loans negotiated by the board on behalf of the fund; |
| g) | any other moneys which shall or may be paid out of the fund in accordance with this Act. |
