Compensation for Occupational Injuries and Diseases Act, 1993 (Act No. 130 of 1993)Chapter III : Compensation Fund and Reserve Fund17. Valuation of compensation fund |
| (1) | The assets and liabilities of the Compensation Fund shall from time to time, as the Commissioner may consider necessary, but in any event at intervals of not more than three years, be valued by an actuary appointed by the Commissioner to determine the sufficiency of the Compensation Fund. |
[Section 17(1) substituted by section 9 of the Compensation for Occupational Injuries and Diseases Amendment Act 10 of 2022, Notice No. 3294, GG48431 dated 17 April 2023 - effective 23 January 2026 per (a) of Proclamation Notice 306, GG53990 dated 23 January 2026]
| (2) | The result of the valuation referred to in subsection (1) shall be included in the next annual report of the Director-General succeeding the completion of the valuation. |