Compensation for Occupational Injuries and Diseases Act, 1993 (Act No. 130 of 1993)
Notice on Banking Requirements for Occupational Injuries and Diseases related Claims
Notice No. 526 of 2021
Notice No. 526
10 September 2021
Department of Employment and Labour
Accounts Verification System Gazette 2021
I, Vuyo Mafata, the Compensation Commissioner, hereby issue a notice in terms of section 6A (b) of the Compensation for Occupational Injuries and Diseases Act 130 of 1993. As amended to inform all beneficiaries of the Compensation Fund of the requirements for banking details in the payment of claims and claims related expenses.
Date: 24 August 2021
Please take notice that as part of the Compensation Fund's efforts to strengthen systems of internal control the Fund will implement the Account Verification System (AVS) with effect from the date of the publication of this Notice. The purpose of the process is to enable the Fund to verify bank account details prior to payment of any benefits to ensure that claims payments are made to the correct beneficiaries of the Fund.