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Compensation for Occupational Injuries and Diseases Act, 1993 (Act No. 130 of 1993)

Chapter III : Compensation Fund and Reserve Fund

16. Application of compensation fund


(1) The compensation fund shall, subject to the provisions of this Act, be under the control of the Director-General and its moneys shall be applied by the Director-General to—
(a) the payment of compensation, the cost of medical aid or other pecuniary benefits to or on behalf of or in respect of employees in terms of this Act where no other person is liable for such payment;
(b) the maintenance of the reserve fund;
(c) the payment of expenses incurred in or in connection with the performance of his functions in terms of section 4(2);
(d) the reimbursement of the National Revenue Fund in respect of remuneration paid in terms of section 2(2);

[Section 16(1)(d) substituted by section 9 of Act No. 61 of 1997]

(e) the payment of the prescribed remuneration and travelling and subsistence allowances to assessors;
(f) the payment of the cost of or in connection with the medical examination of employees;
(g) the payment of witness fees in terms of section 6(6);
(h) the payment of any other expenditure incurred by the Director-General in the performance of his functions in terms of this Act.


(2) The Director-General may transfer any surplus in the compensation fund to the reserve fund.