Acts Online
GT Shield

Unemployment Insurance Act, 2001 (Act No. 63 of 2001)

Chapter 2 : Unemployment Insurance Fund

4. Establishment of Unemployment Insurance Fund

 

(1) The Unemployment Insurance Fund is hereby established.

 

(2) The Fund consists of –
(a) the contributions made by employers and employees and collected by the Commissioner of the South African Revenue Service in terms of the Unemployment Insurance Contributions Act;
(b) the contributions made by employers and employees and collected by the Commissioner in terms of the Unemployment Insurance Contributions Act;
(c) money appropriated by Parliament;
(d) any penalties and fines imposed in terms of this Act other than by a court of law;
(e) any interest or return on investment made by the Fund;

(f)        any money paid erroneously to the Fund which: in the opinion of the Director-General, cannot be refunded;

(g) any bequest or donation received by the Fund;
(h) any movable or immovable property purchased or otherwise acquired by the Fund; and
(i) any other money to which the Fund may become entitled.