Special Investigating Units and Special Tribunals Act, 1996
R 385
Road Accident Fund Act, 1996 (Act No. 56 of 1996)2. Establishment of Fund |
| (1) | There is hereby established a juristic person to be known as the Road Accident Fund. |
| (2) |
| (a) | Subject to section 28(1), the Multilateral Motor Vehicle Accidents Fund established by the Agreement concluded between the Contracting Parties on 14 February 1989, shall cease to exist, and all money credited to that fund immediately before the commencement of this Act shall vest in the Fund, all assets, liabilities, fights and obligations, existing as well as accruing, of the first-mentioned fund shall devolve upon the Fund, and any reference in any law or document to the said Multilateral Motor Vehicle Accidents Fund shall, unless clearly inappropriate, be construed as a reference to the Fund. |
| (b) | No moneys, duties or fees of office shall be payable by the Fund in respect of any noting or endorsement or any other written alteration which may be necessary in any contract, licence, register or other document by virtue of paragraph (a). |
