Intellectual Property Rights from Publicly Financed Research and
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Post and Telecommunication-related Matters Act, 1958 (Act No. 44 of 1958)Chapter IB : Staff and Pension Matters10D. Registration of pension funds |
| (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]
