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

Regulations

Purchase

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.